Ok, so Italy is pledging to take action for its debt issues. Here is the thing! If the euro zone lets Greece default than where does that leave everyone else? Are they too far gone as well? Systemic risk is the word that typically accompanies the word fear. The fear that is being portrayed could raise the cost of commodities world wide. Japan has to basically build an entire country and the growth of the world is escalating. Prices on materials, grains, oil, etc are very high and knowing that Japan hs to build could keep these costs at their highs.