Protesters clashed with riot police yesterday in Greece, and three people were reportedly killed in a bank fire in Athens.  The protests over the Greek government's acceptance of the austerity measures required as a condition of an EU/IMF bailout of the Greek economy, have grown larger each day.  

The whole Greek episode has brought many to consider the very nature of the Eurozone.  Evan Newmark, Mean Street columnist for the Wall Street Journal, argued yesterday that Greece and the EU would be better off if they parted ways and Greece reinstated the drachma.  Newmark made the comments as part of this panel discussion:

For a bit of perspective, Ernst Weizacker, Co-chair for the UN Panel Sustainable Resource Management, reminds us that Greece makes up a very small percentage of the EU economy.  That leads him to conclude that talks of the Greek "contagion" are overblown:

Watch the complete Weizacker interview at Big Think, here.