Continued comments from Germany and the political tension and loss of voter support for Merkel have intensified markets speculation that the nation is indeed preparing to shelter its self for a rising risk of Greek default.

Markets where pressured since the opening in Asia today on comments and signs Germany is embracing for default from Greece. Senior politicians from Merkel's coalition have raised their open remarks about a possible Greek default.

The situation to the market is that the nation is preparing for default and now debating how to protect the banks from the possible event! Three coalition officials said last week on September 09 that the government is debating how to shore up the banks in the event of default from Greece once it fails to acquire the bailout loans, which is further strain on the market that the nation is indeed at risk of being denied the new tranche of loans, prompting Papandreou to take direct action to ease the jitters which so far failed.