Greek debt pile opens new Euro crisis chapter

A new chapter in the Euro sovereign debt saga is beginning to unfold, after the shared currency had its most severe weekly drop since late last year, and one of its worst two-day since its birth. The free-fall came after Germany's Der Spiegel reported an incendiary article on Greek Government hypothetical and improbable exit from the eurozone.

The line in the German media article that buttered the speculators’ bread and set the fire into the market read: “Spiegel Online has obtained information from German government sources knowledgeable of the situation in Athens indicating that Papandreou’s government is considering abandoning the euro and reintroducing its own currency”.