BlackRock explains the Euro crisis in their recent report on Europe and answers many questions about it that investors have today. "Europe's crisis is accelerating and the next month looks critical. Greece is running out of money fast and local politics are in disarray. Banks are reeling from ratings downgrades, asset write-downs and fragile funding. Global markets again are held hostage by the Eurozone's turmoil. This is a short- and long-term crisis. Today's is all about funding while tomorrow's is about structural reform, finding the right mix of spending cuts and growth, and - most difficult of all - giving up sovereignty."