Europe has been rapidly preparing over the last few weeks (often behind the scene) for Greece to exit the Euro. Greek debt has been moved to the European Central Bank, where it will soon become non-performing debt. Since GReece had to purchase credit default swaps for almost all of this debt, there will be some recovery for investors.

Greece is about to be out of its' diaper and on its' own. No more stinky diapers for Europeans to change.