France’s and Germany’s pressure on Greece risks kindling euro exit routes

© 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.