A miscellany.....

....of European news.

http://www.telegraph.co.uk/finance/financialcrisis/9151804/Pimco-chief-Mohamed-El-Erian-expects-second-Greece-in-Portugal.html
Ouch!!

For a contrary view:
http://www.spiegel.de/international/europe/0,1518,823318,00.html

See also: http://kentcommunityactivist.blogspot.co.uk/2012/02/greece-heat-is-on-portugal-next.html

and:
http://blogs.telegraph.co.uk/finance/andrewlilico/100015674/how-much-did-the-imf-ecb-and-eu-bailouts-harm-greek-bondholders/

http://www.spiegel.de/international/europe/0,1518,821752,00.html
New role for German finance minister?

http://www.spiegel.de/international/europe/0,1518,822147,00.html
German foreign minister annoys European colleagues

http://www.spiegel.de/international/europe/0,1518,822170,00.html
Merkel miffed by Sarkozy rejection.

http://www.telegraph.co.uk/finance/financialcrisis/9154136/CDS-boost-as-Greece-default-leads-to-2.5bn-pay-out.html

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100015675/italy-is-trapped-in-a-monetary-volkerkirker/

http://www.spiegel.de/international/europe/0,1518,822344,00.html
Bundesbank on ECB capital injection.

http://www.spiegel.de/international/europe/0,1518,822582,00.html
A new political tenor in Italy.