The timing can by definition not be predicted. /boring answer
Germany is calling the shots, and Hollande will be told no, and have to suck it up. I guess the issue is whether the German policy is the best policy or not. It does seem however that just incurring more debt on top of the existing debt will have the effect over time of just taking Germany down with the others, so if austerity is not enough, maybe it is time for some basic structural reforms, e.g., employment practices, and so forth. Or maybe the aging population makes all of this inevitable, as the relatively few working simply cannot support anymore the edifice of largess. What do you think Gustaf?