German government sources told Reuters in Berlin that they did not believe Greece, which sealed a 110 billion euro ($157.7 billion) bailout from the EU and IMF last year, would make it through the summer without restructuring.
After a brief lull in the crisis at the start of 2011, it has blown up again with full force and some analysts are now openly speculating that Greece and possibly other countries could eventually be forced to exit the EU bloc.
“You may see some countries deciding to leave the euro because they can’t deal with the fiscal straitjacket that it imposes on them,” Andrew Lynch, a fund manager at Schroders, told Reuter Insider.
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