Tomorrow, another euro clash between Germany and Greece is looming. But this time it's not economics -- it's soccer. The two face each other in the Euro 2012 quarter-finals. At least this meeting is not about debt, bailouts and austerity... Or is it?

Greece today is trying to find another few hundred million dollars worth of budget cuts. Meanwhile, the rating agency Moody's has downgraded the credit ratings of six European countries, which is likely to make matters worse.