More on Euroland

Thursday will be crunch day as the ECB decides what it is going to do to match the words of Draghi.

http://www.telegraph.co.uk/finance/financialcrisis/9441120/Eurozone-break-up-would-trigger-1-trillion-of-QE-see-banks-nationalised-and-deep-recession-warns-Fathom.html

http://www.telegraph.co.uk/finance/financialcrisis/9440771/Greece-on-the-brink-as-cash-reserves-dry-up.html

http://www.telegraph.co.uk/finance/financialcrisis/9445733/Greece-agrees-to-9bn-troika-cuts.html

http://www.spiegel.de/international/europe/euro-zone-states-discuss-plan-to-give-esm-unlimited-funding-from-ecb-a-847415.html

http://www.telegraph.co.uk/finance/financialcrisis/9442854/Hollande-joins-chorus-of-leaders-pledging-to-save-eurozone.html

http://www.telegraph.co.uk/comment/telegraph-view/9438187/Dissent-grows-among-the-voters-of-Europe.html

Article 121 of the Lisbon Treaty which limits the power of the ECB.  How will the ECB circumvent it and what will be the German position?

http://www.lisbon-treaty.org/wcm/the-lisbon-treaty/treaty-on-the-functioning-of-the-european-union-and-comments/part-3-union-policies-and-internal-actions/title-viii-economic-and-monetary-policy/chapter-1-economic-policy/391-article-123.html

http://www.bundesbank.de/Redaktion/EN/Standardartikel/Press/Interviews/2012_07_27_weidmann_bundesbankmagazin.html?nsc=true&nn=84588