Busy time in the EU and euroland. The fiscal treaty has been signed by 25 nations. See:
http://www.bbc.co.uk/news/world-europe-17230760
and
http://www.telegraph.co.uk/finance/financialcrisis/9118103/All-EU-states-but-UK-and-Czech-Republic-sign-fiscal-pact.html
More on the Greek bailout and the default that wasn't.
http://www.telegraph.co.uk/finance/financialcrisis/9117156/EU-finance-chiefs-give-Greece-58bn-but-stoke-fears-of-default-after-delaying-bail-out-decision.html
http://www.telegraph.co.uk/finance/financialcrisis/9116872/Allen-and-Overys-David-Benton-the-man-who-decides-if-Greece-has-defaulted.html
Finally, an interesting article from Spiegel. Basically, things cannot go on as they are.
http://www.spiegel.de/international/europe/0,1518,818807,00.html
UPDATE:
http://www.spiegel.de/international/europe/0,1518,818973,00.html
Chancellor Killjoy.
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