Speculation will destroy a government finace.

How dreadful it is! Speculation will force government surrender.Of course, the crisis
was mainly caused by huge amount of deficit, but another bomb are looming. CDS(credit default swap) is a mass destruction weapon"I have heard just now. Speculators can take a chance in the national misfortunes by CDS. People start to talk about the next"Will it be  Portugal or Italy?"
 German government are desperately defending Greek national bond against CDS investors,but It may be vain. Perhaps German banks will lose much assets again like the lehman shock.