Euroland battleground

The battleground has four fronts:

1. Securing ratification of the fiscal pact.

2. The balance between austerity and growth

3. The ongoing crisis in Greece

4. Spanish bank capitalisation

http://www.telegraph.co.uk/finance/financialcrisis/9258931/Brussels-to-audit-Spanish-banks.html

http://www.telegraph.co.uk/finance/financialcrisis/9258633/Spanish-banks-need-100bn-amid-international-aid-warning.html

http://www.bbc.co.uk/news/business-18031324


http://www.spiegel.de/international/business/banks-prove-to-be-a-dangerous-handicap-for-spain-a-832656.html

Latest:  http://www.telegraph.co.uk/finance/financialcrisis/9260650/Spanish-banks-given-15-days-to-plan-how-to-raise-30bn-or-face-nationalisation.html

Commentary on the Bundesbank's statement that it may be prepared to countenance higher inflation in Germany:

http://www.spiegel.de/international/germany/fear-of-inflation-in-germany-after-bundesbank-comments-a-832648.html

UPDATE:   Greek coalition talks fail:

http://www.telegraph.co.uk/news/worldnews/europe/greece/9260830/Greek-leaders-fail-to-form-coalition-as-poll-shows-radical-leftist-would-win-new-election.html

http://www.telegraph.co.uk/finance/financialcrisis/9261386/Greece-fails-to-form-coalition-government-for-third-time.html

Also, an item on France:

http://blogs.telegraph.co.uk/finance/jeremywarner/100017094/french-defict-to-shatter-faith-in-the-new-fiscal-compact/