Europe update

Spiegel On-line engages in a spot of German self-flagellation and then what Germans do best - attack the French.

http://www.spiegel.de/international/germany/essay-the-return-of-the-ugly-german-a-872433.html

http://www.spiegel.de/international/europe/french-politicians-lose-touch-with-reality-as-crisis-deepens-a-872413.html


France and Germany have resolved their disagreement over the scope of eurozone banking supervision and Osborne has secured safeguards for the City.  Will this prove to be a template for future deals for the UK? It sits outside the eurozone and fears the eurozone countries can gang up on non-eurozone states?

http://www.spiegel.de/international/europe/euro-zone-finance-ministers-agree-to-bank-oversight-deal-a-872680.html

http://www.telegraph.co.uk/finance/financialcrisis/9743498/George-Osborne-wins-City-safeguards-as-EU-secures-deal-on-banking-union.html

http://www.telegraph.co.uk/finance/financialcrisis/9741643/EU-nations-agree-banking-union-statement-in-full.html

http://www.telegraph.co.uk/news/worldnews/europe/eu/9743043/False-hope-springs-eternal-in-the-eurozone.html

http://www.spiegel.de/international/europe/eu-leaders-defer-decisions-on-currency-union-reform-a-872902.html

http://www.telegraph.co.uk/news/politics/9745472/Europe-is-for-life-Francois-Hollande-tells-David-Cameron-in-EU-power-spat.html

http://www.bbc.co.uk/news/world-europe-20725001