It's all happening in Greece

Unmitigated bad news from Greece.  Youth unemployment at over 53%,  manufacturing down 8%. part of he next tranche of bailout funds blocked and a third attempt to form a government with the likelihood it will fail and lead to another general election on 17 June.

http://www.telegraph.co.uk/news/worldnews/europe/greece/9255939/Greece-in-chaos-as-Alexis-Tsiprass-coalition-talks-fail.html

http://www.telegraph.co.uk/news/worldnews/europe/greece/9256860/Greek-socialists-given-third-chance-at-forming-government.html

http://www.telegraph.co.uk/finance/financialcrisis/9255637/Germany-warns-Greece-it-will-halt-aid-unless-it-commits-to-bailout-agreements.html

http://www.spiegel.de/international/europe/german-politicians-warn-greece-over-austerity-a-832232.html

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100017061/europes-nuclear-brinkmanship-with-greece-is-a-lethal-game/

Meanwhile Spain struggles to contain a banking crisis.

Some interesting articles which may be indicators of what will come next in euroland.

http://www.telegraph.co.uk/news/worldnews/europe/germany/9256859/Angela-Merkel-warns-there-is-no-magic-bullet-to-beat-debt-crisis.html

http://www.spiegel.de/international/europe/eu-considers-proposals-to-boost-growth-a-832379.html

http://www.spiegel.de/international/europe/bundesbank-signals-germany-would-accept-higher-inflation-a-832457.html
Bundesbank is the key player in any change.