It is no accident that the troika consisting of the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF) will not ready a decisive report until September.

Perhaps Merkel wants to grant Greece additional help until she's survived Germany's 2013 elections.

Eurozone countries won't let Greece go broke. At least not this time. The latest act in the Greek tragedy is set to last until at least mid-September.

That is also when the German Constitutional Court is expected to give a temporary ruling on ESM

Bernd Riegert, Deutsche Welle, August 25, 2012