I commend the article by Paul Mason of the BBC. It sets out the current problems in an understandable form.
http://www.bbc.co.uk/news/business-15185692
Updates on the position:
http://www.telegraph.co.uk/finance/financialcrisis/8809283/German-Chancellor-Angela-Merkel-backs-moves-to-recapitalise-eurozone-banks.html
http://www.spiegel.de/international/europe/0,1518,790132,00.html
KENT COMMUNITY ACTIVIST: acerbic, carping, caustic, curmudgeonly,critical, cynical, grumpy, moaning, sardonic and plain speaking.
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