European bailout: A question of If? Or When?

Traders have stopped asking whether the European Union will bail out Greece and, possibly, other debt-burdened European states and have jumped right to the when.

With the current situation more closely resembling runs on pre-euro-currencies in the 1990s, some big players are reportedly becoming even more bold in the pressure they're applying in the marketplace.

And perhaps for good reason. Serious money could stand to be made if traders place big bets for a bailout – and a bailout comes. The current state of the news suggests that could be sooner rather than later, although the form that bailout might take remains unclear.

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