It has been two years since Greece first revealed the extent of its debt and got out its begging bowl, but the situation has only got worse since then.
With the country's politicians now unable to form a government and an exit from the euro increasingly likely, many experts now believe it's time to abandon Europe.
However, the contrarians say there's money to be made across the Channel. "There are bargains to be found in developed markets, especially Europe," says John Bennett, manager of the Henderson European Focus Trust.
"The short term is likely to see yet more volatility, scares, panic, plunges and rallies as the eurozone crisis deepens - therein lies the long-term opportunity.
"Premium investors are now paying for 'certainty' (bonds) while they flee from volatility (equities). The next two years are likely to offer a fabulous entry point into Europe, but it will require bravery to optimise that opportunity."
If you are invested in the stockmarket it's already too late to avoid the euro crisis. "Those with shares will already have been caught up in the Greek debacle, with the value of global shares falling in recent weeks," says Patrick Connolly, spokesperson for investment adviser AWD Chase de Vere.
However, he adds: "The best advice for investors is to sit tight, not panic and ride out the current stockmarket volatility." If you withdraw your funds you will be "crystallising your losses" and investors "will miss out on any bounce back in the stockmarkets".
Saying that, if you need your money in the near future and can't afford to keep it invested for the long term, you might want to review your portfolio.
Darius McDermott, managing director at Chelsea Financial Services, says: "Markets have already fallen around 10% so if you think the situation is going to get worse or you need your savings in the short term, you might want to consider moving a portion of your money into lower-risk assets such as cash, bonds or absolute return funds."