Nevertheless, the tensions created by Sarkozy’s recklessness threaten Europe’s political stability, heightening market uncertainty relative to what a more prudent, coordinated rescue program would have implied. The programs that have been agreed will not suffice to reassure creditors, and Germany will most likely be unwilling to bow once again to Sarkozy in the coming negotiations to prolong the rescue measures – at least as they are constructed now – beyond the initially stipulated three years.