How to insure your wealth against a Greek default

The Greek government won its confidence vote. In case you missed it, prime minister George Papandreou had demanded that parliament back his government amid turmoil over austerity measures. This was a foregone conclusion of course, which explains why the euro actually fell in the immediate aftermath. No sane politician calls a vote of confidence unless they know they’re going to win it. It’s a theatrical call to arms, rather than a genuine career risk. Of course, if Papandreou had lost the vote, it could have been very nasty. But his victory hardly means the eurozone is saved (again). There are still some very significant hurdles to jump. So what happens now?