More News From Europe (Hint: None Good)

It's Sunday, Markets Will Open Soon
Unlike 2008, when the Fed actually tried to do something, the silence of their European counterparts in 2011 is deafening and troubling.

Bloomberg: Greek ‘Orderly’ Default Can’t Be Ruled Out, Roesler Tells Welt
Reuters:  Euro seen under pressure on lack of G7 support

Are Gold-backed EUR bonds Inevitable?
Perhaps the only answer is to require the PIIGs to sell their family silver gold or use it to partially collateralize EUR-denominated bonds (and no tranching, please).  Is there any other solution that actually works?  Stabilize the EUR, keeps the unity, and thereby stabilizing global equity markets.  Not sure why this hasn't been floated more strongly.  Guess we will see.