Greece

Though markets did finish in the red yesterday that slump is no comparison to the enormous drop at the open Tuesday. Within one hour American markets were down roughly 2 percent, pushing the Dow Jones below 10,000 points once again.

Markets seemed set for an early jump this morning, but that is no guarantee of a strong finish. Stocks started well during trading Monday, but yet another downgrade of Greece’s debt rating led to an afternoon sell-off.

After an hour and a half the Dow was down 300 points. If the markets were to close now they would have essentially erased all gains from 2010.

The euro was meant to be a unifying currency, modeled after the American dollar, which would allow Europe to thrive. Without a uniform political system, which the E.U. is perhaps decades away from providing, the euro may not be able to survive this bump in the road.