3 November 2011
Euro zone leaders are preparing a plan in case Greece decides to leave the 17 nation currency area. The chairman of euro zone finance ministers, Luxembourg Prime Minister Jean-Claude Juncker, said policymakers were working on possible scenarios for a Greek exit. As Greece works to stabilize their government, policies, and debt crisis Euro Leaders are discussing a plan towards stabilizing the currency without Greek participation. German Chancellor Angela Merkel told a midnight news conference that while she would prefer to stabilize the euro with Greece as a member, the top priority was saving the euro, not rescuing the Greeks.
Greece is facing extreme turmoil and pressure within the nation. Political jockeying after Germany and France leaders turned up the pressure on the country informing Greek leaders that Greece would not receive a cent more in aid until the country meets its commitments to the euro zone.