More twists and turns

The eurozone crisis show continues to roll.  New acts are joining daily, the performance is becoming more confused and it looks as though the performers have no idea how the show will end.

This weekend has seen three major developments:

• The relationship  between France and Germany has deteriorated alarmingly
• The IMF has cast doubt on its willingness fund any further Greek bailouts
• A proposal from the EU to form a eurozone 'Treasury' to oversee tax and spending proposals of the 17 eurozone nations.

Mr Cameron has his own little difficulty with a backbench 'rebellion' over the referendum debate.  Mr Farage of UKIP has stated helpfully? that his party will not contest seats at the next general election when the Conservative candidate is an MP who voted for a referendum.

Below are links to articles which may be of interest:
http://www.telegraph.co.uk/finance/economics/8841997/Silvio-Berlusconi-angers-France-with-Bank-of-Italy-appointment.html
http://www.telegraph.co.uk/finance/financialcrisis/8842165/German-Chancellor-Angela-Merkel-denies-there-is-an-EU-deadlock.html
http://www.telegraph.co.uk/news/worldnews/europe/eu/8842987/Eurozone-debt-crisis-is-a-real-danger-to-Britain.html
http://www.telegraph.co.uk/finance/financialcrisis/8842427/Greece-handed-8bn-aid-package-lifeline-but-euro-concerns-remain.html
http://www.telegraph.co.uk/comment/telegraph-view/8841385/The-single-currency-isclose-to-collapse.html
http://www.telegraph.co.uk/news/worldnews/europe/8843785/New-euro-empire-plot-by-Brussels.html

These two are corkers!

http://www.telegraph.co.uk/news/worldnews/europe/belgium/8843652/Eurozone-summit-despair-and-backbiting-in-the-corridors-of-power.html
http://www.telegraph.co.uk/finance/financialcrisis/8841912/France-and-Germany-an-unstoppable-force-meets-an-immovable-object.html


The europhile BBC has this slant:

http://www.bbc.co.uk/news/business-15416961

This link the most up-to-date:

http://www.telegraph.co.uk/finance/financialcrisis/8843396/Europes-leaders-threaten-Greek-default-if-banks-wont-take-haircut-and-accept-losses-of-120bn.html

Latest: Sunday 23rd:  http://www.bbc.co.uk/news/business-15419594