© Scanpix/Reuters
|
Sarkozy and Merkel initiated speculation of euro area contracting
on November 2 in Cannes, when they alerted exiting Prime Minister Papandreou a
proposed referendum on Greek bailout is a vote whether Greece is willing to
keep euro currency. As a response investors are starting to gamble on which
countries might quit. Such betting might impose threat to troubled euro
countries to persuade investors they can obtain their funding.