It's been crystal clear for weeks, if not much longer, that Germany has been actively seeking to persuade Greece to abandon the Euro.
Confirmation came on February 7 with Merkel's Official Denial "I will have no part in forcing Greece out of the euro"; Schäuble Starts Salami Tactics on German Participation, Calls for Vote .
Economists and non-euro EU leaders cheered Friday's eurozone summit deal as a surprise "breakthrough" in efforts to preserve a stable currency, yet crucial details still need to be filled in.With market expectations low ahead of the European Union summit, a deal that bolstered confidence in the euro was wrenched after all-night talks between eurozone leaders, bringing swift relief to crisis-hit Italy and Spain.
Britain said on Sunday that it will refuse to underwrite a European Union bailout fund worth some 60 billion euros that finance ministers want to agree at emergency talks in Brussels."We wouldn't participate in a European bailout fund," a British diplomat told AFP of moves for all 27 EU member states to guarantee borrowings destined to bailout troubled economies in the crisis-hit 16-nation eurozone.