Greece wants to stay in the euro-zone. That’s clear. What is unclear, is whether it is fully willing and fully able to do what is requested from it. Germany’s finance minister said that he “will regret but respect any country that wants to leave the euro-zone”. This passive-aggressive statement joins a long list of events that show how Germany and others are pushing Greece to declare bankruptcy. Here are more pieces of the puzzle that began 4 months ago and might culminate towards the end of March: There is no hard evidence that Europe’s No. 1 economy has decided upon a default, but all of its recent actions point to this direction. The endless delays, extra requirements, statements and trial balloons point to this direction. It all goes down to a lack of trust. The second Greek bailout was discussed in the infamous July 21 summit – a summit which also contained hope for a Greek Marshall Plan. The parties then made progress in the October 26 summit. Trust was broken when the now former Greek PM Papandreou offered a referendum to approve the deal. Germany and France were furious and threatened to throw Greece out of the euro-zone for the first time in public. Papandreou was replaced by an ex ECB banker and EU backed Papademos, but trust was never restored. A German draft discussed taking away some sovereignty from Greece. This idea was dismissed, but the Greek leaders were forced to sign a commitment to continue with austerity also after the elections. German Finance Minister Wolfgang SchÃ¤uble was reluctant to throw more money at Greece, saying it is a bottomless pit. It’s important to remember that SchÃ¤uble is one of the most pro-European politicians in Germany. His boss, Chancellor Angela Merkel, said the she would never force Greece out. This seems like a “good cop bad cop“ game that is meant to pass the time. The notion is backed by public opinion that doesn’t want to see more money sent to Greece and also by growing chorus of economists and politicians saying that now is a “better time to default”, after banks have been stabilized by the first LTRO. See comments about a second LTRO below. To be fair, it’s not only Germany. French banks have stabilized and can absorb a shock. In addition, the reluctant attitude by the IMF also shows that it is on the same page. Unconfirmed reports have floated, saying that Wall Street Bankers are planning on a Greek default on March 23rd. The clock continues ticking. This article is part of the special report about the Greek endgame. You can download it by joining the newsletter in the form below, which appears on any article on Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Opinions share Read Next Forex Daily Outlook February 29 2012 Anat Dror 10 years Greece wants to stay in the euro-zone. That's clear. What is unclear, is whether it is fully willing and fully able to do what is requested from it. Germany's finance minister said that he "will regret but respect any country that wants to leave the euro-zone". This passive-aggressive statement joins a long list of events that show how Germany and others are pushing Greece to declare bankruptcy. Here are more pieces of the puzzle that began 4 months ago and might culminate towards the end of March: There is no hard evidence that Europe's No. 1 economy has decided upon… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.