Quote:
Originally Posted by Chris
|
Well that £80bn dose of EUphoria didn't didn't last long did it? Only a few days later it doesn't look much of a "victory for Spain, the Euro and Europe" does it?...
Meanwhile as the Germans rule out Eurobonds again:
Quote:
|
Germany's deputy finance minister has ruled out "eurobond-lite" plans to pool part of eurozone countries' debt.
|
http://www.bbc.co.uk/news/business-18438402
and:
Quote:
since Germany is opposed to using its financial strength to help other countries borrow through the sale of eurobonds, Germany would inevitably be opposed to helping other countries borrow by underwriting their respective banks.
And so it has proved - with the Bundesbank signalling its opposition to a banking union of this sort.
|
http://www.bbc.co.uk/news/business-18414652
... the French and Italians are apparently saying in Rome that not enough progress is being made to solve the debt crisis...
(Link to follow)