Gonzalo Lira, at Mike Shedlock's site,  predicts the exit of Spain from the Euro by the end of the year.   That possibility, if really immenent, might induce some pre emptive action by Germany.

Really, the Euro can only survive in the northern European countries, and it is debatable whether that would include France.   Would it not be in the interests of Germany, the Netherlands, etc, to get a jump on what appears to be an inevitable disorderly disintigration? 

As the Chinese curse has it: "may you live in interesting times."