Thier BIG FEAR is that Greece will thrive in the future outside the Euro after a default like Brazil and Argentina have done. Sure there will be pain but the recovery will be sweeter and Herr Merkel and Miss Sarkozy know that other basket cases will default, fold their tents and steal out of the Euro.
Greece exit would not end euro - EU commissioner
Pressure is rising on Greece's national unity government to agree tough reforms demanded by the country's lenders. The EU, IMF and European Central Bank have made further spending cuts, labour market reforms and bank rescues a condition of extending a new bailout. European Commission Vice President Neelie Kroes told a Dutch newspaper that there would be "absolutely no man overboard" if Greece left the euro. Greek party leaders meet on Tuesday afternoon amid a general strikes. A previous meeting on Sunday night proved inconclusive, leading to further last-minute talks between Prime Minister Lukas Papademos and the ... (full story)