Eurozone crisis explained

The Eurozone crisis continues, despite some countries celebrating holidays. The Greek situation is reaching absurdity, and the blame game is about to start. The ECB has been throwing good capital after bad capital. On the other side of the Med, we are getting reports that people are withdrawing massive amounts of cash from Bankia. The stock is getting creamed, down some 10% today. What is going on in Europe?

The Eurozone crisis video for dummies below, a breakdown of the European debt situation, starting with Greece and consuming the entire continent.

Courtesy Omid Malekan.