Another day, another problem in euroland

Portugal's banks under stress, Spain in recession, Ireland to hold referendum on the fiscal pact on 31st May and the German parliament to have a greater say on euro bailouts.  Add to this list the need for the debt firewall to be  enhanced considerably  and further doubts emerging concerning Greece's ability to make infrastructure changes to its economy and you have a fine old mess.

http://www.spiegel.de/international/europe/0,1518,824104,00.html

http://www.telegraph.co.uk/finance/financialcrisis/9169921/Eurozone-needs-mother-of-all-firewalls-says-OECD.html

http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/12/231&format=HTML&aged=0&language=EN&guiLanguage=en

http://www.ecb.europa.eu/press/key/date/2012/html/sp120327.en.html

http://www.telegraph.co.uk/finance/financialcrisis/9170309/Spain-to-slash-spending-as-economy-slumps-back-into-recession.html

http://www.telegraph.co.uk/finance/financialcrisis/9170205/Ireland-will-vote-on-EU-fiscal-treaty-in-May.html