Greece debt crisis

Last year Iceland was bankrupt due to the collapse of the major banks.
Normally we hear companies go bankrupt !
Now , Greece is under tremendous pressure to clear debt. Its outlook is reduced to
JUNK by S&P !!!
Even Portugal ratings is reduced.
If further action is not taken then Greece may become next Iceland and
Portugal may become present Greece.
EU is trying hard to bailout Greece but there exists lot of difference among the Euro nations.
EU is struggling nowadays. EURO is showing weakness.
Hope EU succeeds in making Greece stable since its very important
for world economy.
The present rally across the globe is pulled down regularly
by Greece bad news. And in turn affecting common investor in India like me who is very very far
from Athens... !!!