A key day for the euro

2nd August is a key day for the euro.  Will Spain formally seek a bailout?  What does the ECB intend to do? Will the ESM be granted a banking licence?  What will be the stance of the Bundesbank and Mrs Merkel?  What role is the EC playing?

Questions, questions?

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

http://www.spiegel.de/international/business/unlimited-euro-zone-rescue-fund-draws-counterfire-a-847628.html

http://www.telegraph.co.uk/finance/financialcrisis/9444699/Debt-crisis-What-could-the-ECB-do-to-save-the-euro.html

http://www.telegraph.co.uk/finance/financialcrisis/9445456/Pressure-on-Spain-to-bow-to-bail-out.html#disqus_thread