A Smaller Eurozone

As the world waits for Greece and Italy to name their new Prime Ministers, it seems that France and Germany have finally woken up to the fact that the current Eurozone structure is doomed to failure. They have talked about creating a smaller Eurozone.

Additionally, Merkel's party is discussing a move to permit countries to exit the eurozone without leaving the EU.

The question is, will these rumours turn into facts before the markets tear the Eurozone to pieces?