The analogy is not as clear as I'd like so I'll spell it out for you. Yellowstone Park is a volcano that is . . . well, if it went up it would take you with it. It is sleeping lightly these days; there are earthquakes and the land is rising in places. It is feared by some that it will really erupt and the USA will be basically gone.
The economy of Greece is Yellowstone, and the land is rising and shaking more and more. The bean counters at the IMF are saying they can't abide by their rules and continue bailing out Greek debt at the same time. They are still saying "contagion" as if all the PIIGS nations were not bankrupt and waiting to explode also, but it will take a bit of doing to prevent it happening after the IMF doesn't lend money to Greece next January.
Cliffs: It looks bad for Greece.
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