The European Financial Crisis
There is some major shit going down right now in the EU with the potential to cause another 2008 economic event (but probably much worse). The new European Financial Stability Facility
is about to start lending money to Ireland. This has some major ramifications. First, the fund is backed by the EU member states, however many of them (Spain, Portugal, Greece) are experiencing debt issues of their own. This means that it's up to mainly German, in addition to some of the northern European counties, to back the fund and guarantee the loans from investors. However, many of these countries haven't voted to actually participate and may back out. There is a very real, non-zero possibility that the Euro will cease to exist within a couple years and there will be massive bank runs in Europe.