Greece's European neighbors were able step in and bolster the weak foundation on which Greece's free-spending budget was based. It would be difficult for any country or intergovernmental organization to rescue an economy the size of the U.S. if investors were ever to lose faith in our bonds because of our enormous debt.
This change to a higher phase of alert is a signal to governments to ministries of health and other ministries to the pharmaceutical industry and the business community that certain actions now should be undertaken with increased urgency and at an accelerated pace.