One is the unwillingness to lend any more funds to the countries. .this they can't finance there ever increasign welfare state.
The other is the potential, and ever increasing unwillingness of ANY one bank...especially one in Asia, to roll-over an existing CD..
All it takes is just ONE bank..to say it wants its money..and the game's up..
Many of the countries I mentioned in my original post are sitting on a lot of cash, especially in eastern Asia. They’re increasingly reluctant to invest in the financial sinkhole that is much of Europe, and this is why I think countries all over the Pacific Rim plus the more prosperous nations in South America, Australia, New Zealand, India and the Middle East have quietly setup up protection mechanisms in case all heck breaks out in Europe.