Euro crisis simmers

I have been away for a few days.  No newspapers, television, radio, internet or telephone.  Sheer bliss.


On my return I note that Spanish and Italian debt costs are dangerously high, much as they were before the EU summit at the end of June.


http://www.telegraph.co.uk/finance/financialcrisis/9382398/Debt-crisis-Spain-back-in-the-dangerzone-as-politicians-wrangle.html

http://www.telegraph.co.uk/finance/financialcrisis/9380851/Finland-could-leave-the-eurozone-rather-than-pay-other-nations-debts-says-Jutta-Urpilainen.html

http://www.telegraph.co.uk/finance/financialcrisis/9380434/Portuguese-court-blocks-key-part-of-austerity-plan.html

http://www.telegraph.co.uk/finance/financialcrisis/9383469/Debt-crisis-Spain-poised-for-further-spending-cuts.html

http://www.telegraph.co.uk/finance/comment/9378302/Euro-break-up-Let-Germany-lead-the-northern-core-and-France-the-rest.html

Some interesting articles from Spiegel:

http://www.spiegel.de/international/europe/review-of-german-press-commentaries-on-outcome-of-eu-summit-a-842106.html

http://www.spiegel.de/international/europe/merkel-concessions-at-euro-crisis-summit-smarter-than-they-seem-a-841772.html
Well worth a read as it goes against the prevailing 'wisdom' following the EU summit.

http://www.spiegel.de/international/germany/euro-crisis-exposing-fault-lines-in-merkel-government-a-842739.html

http://www.spiegel.de/international/europe/interview-with-germany-s-european-commissioner-oettinger-on-euro-efforts-a-842051.html

http://www.spiegel.de/international/germany/spiegel-online-survey-germans-opposed-to-further-euro-bailouts-a-843000.html

http://www.spiegel.de/international/europe/german-parliament-approves-esm-and-fiscal-pact-a-841816.html

http://www.spiegel.de/international/germany/german-constitutional-court-to-consider-anti-esm-complaints-on-july-10-a-842120.html