Could it be that Greece’s Great Unraveling is finally at hand? I know, I know. We’ve heard so many “sky is falling” stories about Greece in the past several years, one is justifiably tempted to pay the matter no heed. If Greece were going to default, wouldn’t they have done it by now?

But it would be a mistake to think there will never come a day of reckoning. And that day does seem to be approaching fast. Could it happen this week?

Might the European bond rout be a key “tell” for what’s about to happen in Greece?

You might recall, it wasn’t that far back (not even two weeks ago) that Bill Gross (Janus Capital) raised eyebrows with his now-famous/then-cocky-sounding declaration that German bonds represented “the short of the century.”