I listened to it before going to bed so my concentration was not 100% and now responding from vague memory.
My conclusion is that EU has to let go of Greece and not sink any more cash there. That also means that the Euro has to take a hit from that default.
As for the other soft spots in Europe, again no more hand outs. Those countries can not expect that their extravagance be paid for by the harder working and responsible members. Sooner or later the father has to say to the teenager no more credit card for you until you become more responsible with our money, and it is much better if sooner.
The euro zone took pains to establish rules for entry but is throwing those very rules out the window when not adhered to.
So now they had to pay the price for that neglect of responsibility.

Speaking of responsibility.
On the US front, the continued printing of cash is taking them on the road to the Weimar Republic. Just as for EU but in more profound manner the US has to also take a hit on the chin and stop the presses, rolling up its sleeves to produce it's products instead of borrowing money to pay for cheap products from abroad.

As I see things, EU is at least tackling the problem in the open but the US is diverting attention from itself instead of solving it's problems.

So I say that if you are in the US, move your long term monetary assets off shore (ex.Singapore) or into bullion.
Not much safer but perhaps more convenient might be Europe (Swiss or Norwegian) or Canada.

Thanks Cockerel.