Greek debt heads eurozone crisis list

When the markets lack direction, the Eurozone debt problems can always be relied upon for stimulus on the downside, with a number of candidates waiting for their turn for more than five minutes of fame.

At the moment it is Greece once again stepping up as the debt levels there look unsustainable and rumours abound of a snap election that has been strenuously denied.

It is widely expected that Greek Debt will be "reprofiled" and in some quarters this is seen as a default scenario.

Only a year ago Greece received a massive Euro 110 billion bailout and the concern is that the Eurozone fund is putting it's money in a bottomless Greek pit, while also needing to tend to the debt problems in Ireland, Portugal and Spain.

This is weighing very heavy on the Euro causing a global sell off in the equity markets by those players that didn't sell in May and go away" already.

How this is dealt with by the Eurozone members is crucial, as Greek debt is held by many European banks and the prospect of a sovereign default at this stage of the banking Industry recovery, is unthinkable.