They're rushing to get this done because Greece seems likely to implode whoever wins the 17 June election, and because a Spanish sovereign debt crisis would be massive: the capital flight of 100bn in January to March this year would look puny compared to the three trillion euros that could potentially leave the bond and stock markets of Italy and Spain.
And while all this forecasting assumes the eurozone doesn't implode, and that the US avoids falling off a fiscal cliff, the fear of more shocks to the system are expected to continue weighing on consumer confidence at least until 2014.