After the latest developments in Greece, France, Germany and a whole host of other countries, I’m sure we could all use a break from Europe. Unfortunately, that isn’t in the cards, as  in the near term there’s no escape. But despite the European mess, there are still plenty of opportunities to profit in this market.

For example, we’ve especially been seeing strength in our Israeli communications and biotech companies. In fact, despite the decline in the S&P 500, our four Israeli-based companies—Taro Pharmaceutical (NYSE:TARO), MagicJack VocalTec (NASDAQ:CALL), Top Image Systems (NASDAQ:TISA) and Mellanox Technologies (NASDAQ:MLNX)—on average finished the week in the green.

So I want to get right to the latest details out of Europe, and in particular, Greece.

There’s no doubt that investor anxiety about the debt problems in Europe have ramped up of late. The major issue is that the latest election turmoil in France and Greece haven’t provided any solutions to troubles in the region.

Right now, the situation in Greece is the most serious. To recap, voters there kicked out both of the nation’s leading political parties—the Socialist Pasok party and conservative New Democracy party. Both parties lost their parliamentary majority due to their votes for the very unpopular austerity cuts in March. This is essentially the equivalent of both the Democratic and Republican members of Congress being replaced by third parties that came out of nowhere.

As a result, the country has been locked in an impasse as politicians try to cobble together a coalition government, and right now the public outcry in Greece is so severe that many in Greece want to now leave the eurozone and could care less if Greece defaults on its debt.

I’ll continue to closely follow developments in the eurozone, but as I have said for some time, we will continue to invest in the pockets of strength around the world, avoiding as best we can any eurozone fallout. Whether or not Greece leaves the eurozone, we’ll remain in the oasis of strong companies that are growing international sales and earnings.