See the European debt spiral

Zero Hedge points us to a Wash Post illustration of the path that debt equalization takes.  Start with Greece, who lended to Greece? Go to the most vulnurable, Irelenad.  Who loaned to Ireland? Portual, then to Spain, then to Ireland again, nor Ireland equalizes its second the link, Britain.  Britain borred huge from Ireland, and sends it right back, where it goes to Germany.

We have a Fibonacci spiral that wirls around the periphery until eventually breaks the center. However, I think the system stops with Britain, which is one the edge, then Europe drops to rank-2, rather than rank-1.  That means a higher order Fibonacci takes over.