by Eric De Groot:
"While contagion continues to spread throughout the periphery of Greece, Spain, Portugal, and lesser degree Italy and Japan, it remains largely contained as capital flees towards the safety of the center. This dynamic won't hold for long. The center's growing inability service its existing debts will eventually force capital from the public to private sector. When that happens, likely 2015-2016, interest rates will begin their relentless climb and the center's ability to borrow and support their social programs will decline..."