There was a real fear that a euro-zone bank might fail that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated thanks largely to the action of the European Central Bank.
There is the fear common to all English-only speakers that the chief purpose of foreign languages is to make fun of us. Otherwise you know why not just come out and say it?
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I won't touch on risky because that's subjective. People are just afraid of things too much. Afraid of things that don't necessarily merit fear.
