Greece is hurting big time, check out their GDP compared to the rest of the OECD countries.
1. Gross domestic product
I know in the US hedge funds are moving a lot of the CDS market. I think the Germans are holding a lot of Greek debt in bonds hopefully they didn't pay for protection out of pocket. since they are such a small country with a rather low GDP they really don't have that "much" debt when compared to larger countries. Their heavy trading partners will bear the lions share if they need to do anything drastic again.
You can find a lot of data on the IMF website below:
World Economic Outlook Database April 2011