Euroland jottings

Upheaval in Spain and internal debate in Germany make the headlines today.

http://www.telegraph.co.uk/finance/financialcrisis/9547021/Spain-shuns-further-cuts-as-unrest-grows.html
Spain - the spanner in the works?

http://www.telegraph.co.uk/finance/financialcrisis/9549245/Debt-crisis-politicians-drive-bank-union-but-markets-focus-on-Spain.html

http://www.spiegel.de/international/germany/spiegel-interview-with-bavarian-finance-minister-markus-soeder-a-856227.html

http://www.telegraph.co.uk/finance/financialcrisis/9548078/Angela-Merkels-heart-bleeds-for-suffering-Greeks.html

http://www.spiegel.de/international/business/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-a-856183.html
This story will run for a while. Many issues for City of London and perforce HMG.

http://www.spiegel.de/international/germany/unlimited-liability-legal-hurdles-ahead-in-effort-to-save-euro-a-856226.html
Spiegel's initial euphoria has disappeared.