Excellent summary of problems in euroland.

I commend the article by Paul Mason of the BBC. It sets out the current problems in an understandable form.

http://www.bbc.co.uk/news/business-15185692

Updates on the position:

http://www.telegraph.co.uk/finance/financialcrisis/8809283/German-Chancellor-Angela-Merkel-backs-moves-to-recapitalise-eurozone-banks.html

http://www.spiegel.de/international/europe/0,1518,790132,00.html