Is Greece About To Be 'Kicked Out" Of The Euro?

What If Greece Leaves the Euro? -- Milton Ezrati, National Interest

Greece has done it again. In every previous stage of Europe’s crisis, Athens has had to go back to other members of the currency union, admit budget shortfalls, and ask for more financial help. The pattern has repeated itself once more. Greece’s still-new prime minister Antonis Samaras had to ask for more funds recently, even as he has had to beg for more time to meet agreed budgetary targets. But there is one key difference this time.

Many, particularly in Germany but also elsewhere in the euro zone, seem to have reached the limits of their patience. For the first time, officials have begun to speak openly about expelling Greece from the currency union. After more than two years of constant crisis, such responses are understandable. But the consequences of such a break might well carry more pain and expense than would further accommodations and compromises, so expulsion may be less likely than the rhetoric might indicate.

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Update #1: Thousands of Greeks protest against new round of austerity cuts -- Reuters
Update #2: Fate of eurozone rests in the hands of German judges -- The Guardian

My Comment: The problem is contagion. One country falls .... the others will follow. Faced with the hard and difficult choice to limit and cut government, problem nations in the Euro are looking for alternative ways to only delay the inevitable (i.e. let the next politician deal with it). Many European countries have clearly met their breaking point, and it would not surprise me if Greece will be used as the "poster child" of what happens when it is finally booted out of the Euro .... financial crisis and all.