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There was a ''almost run'' on the ATM machines this Saturday. The Greek government says the banks will be open tomorrow (Monday). The Greek Parliament is playing chicken with a threatened referendum on accepting the new bailout terms from Brussels.
The United States has a Federated Union with some sovereign powers reserved to the States -- state debt is not regulated constitutionally or by the US Federal Reserve Bank.
The EU is a fair weather union and the rich countries dictate to the poor countries -- if the ECB doesn't want to back their play -- recall the Euro currency. The idea of the nations being members of the Central Bank (ECB) Eurozone conditionally is not workable. The EU and Eurozone is not a confederation of equals.
The ECB is acting like a private bank and taking over its collateral -- a customer member-state (a country with an army [piss poor army--not a real threat]) in this case. Say, Germany, France or the UK goes belly up -- they have real armies and basically could just tell Brussels to fuck-off.
In a union like the United States the richer states distribute some of the wealth taxed nationally to benefit the poorer states for the sake of unity -- to maintain reasonable living standards. The EU is every member-nation for itself under the same set of rules -- Eurozone membersip optional -- it is a deception as the EU is not one nation of equal states.
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