The abyss beckons

Further to my post yesterday:

http://kentcommunityactivist.blogspot.com/2011/11/on-very-brink-of-abyss.html

I note Spiegel has an article today entitled:

Euro Zone on the brink: A Continent Stares into the Abyss.

http://www.spiegel.de/international/europe/0,1518,800285,00.html

Also an article on 'elite' bonds well worth a read.  The tectonic plates in Europe may be on the move.

http://www.spiegel.de/international/europe/0,1518,800332,00.html
http://www.telegraph.co.uk/finance/financialcrisis/8921703/Markets-rebound-on-tighter-eurozone-fiscal-union-plan.html

See also:

http://www.telegraph.co.uk/finance/economics/8920590/Why-Angela-Merkel-needs-to-say-yes-to-a-eurobond.html

http://blogs.telegraph.co.uk/finance/jeremywarner/100013445/oecd-warns-of-worldwide-depression-if-no-action-is-taken-over-the-euro-crisis/