Have family over there, and its not looking to good.

http://www.reuters.com/article/2011/07/21/us-eurozone-instant-idUSTRE76K6BI20110721

Doesn't sound too bad, but this and other videos say otherwise.

http://www.youtube.com/watch?v=xypsDmLNn2M&NR=1

http://www.youtube.com/watch?v=bwv2AZuXCIs