European bank bail-out could push EU into crisis

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4590512/European-banks-may-need-16.3-trillion-bail-out-EC-dcoument-warns.html

Just ugly, the euro or the EU failing would be a nuclear event. Causing widespread carnage. Yes it is possible we could get a multiple effect in short order. The collapse of Euro, Bank nationalization in the us and other problems would drive the DJ to 4300 or so.