Of all the bad news in the past few days this is probably the most significant and may explain, in part, why the Germans are rushing forward with schemes for fiscal and political union.
http://www.telegraph.co.uk/finance/financialcrisis/8897775/Asian-powers-spurn-German-debt-on-EMU-chaos.html
See also this article from last week: Chinese and Japanese concerns.
http://www.telegraph.co.uk/finance/financialcrisis/8886380/Eurozone-bail-out-fund-has-to-resort-to-buying-its-own-debt.html
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