Greece sounds three warnings that reach far beyond its borders

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As The Economist stated in its leader from May 1st, 2010, “It will strike some as mystifying that a small, peripheral economy should suddenly threaten the world’s biggest economic area. Yet, though it is only 2.6 % of euro-zone GDP, Greece sounds three warnings that reach far beyond its borders.” Students will respond to the following: o Speculate what these warnings are. o Based on this example, discuss and defend whether or not big countries such as the United States should be worried about what is happening in small countries such as Greece. Draw general conclusions from this case that might be applied elsewhere.