The Banks and the Eurozone Crisis

BBC News: Reports that European Bank shares have gone up after reports of a plan to deal with the Greek crisis and from that a banking crisis. As posted yesterday, Greece will write off 50% of its debt and stay within the Euro, a two trillion Euro bailout well set up and the Banks with Greek debt will be covered. The question folks will this plan pass the nations that make up the Eurozone, the Coalition German Government is having problems with it own MPs, other nations want Greek Collateral before they give Greece more money. As noted at the time this is a German/French plan, it might make sense in economic terms, but does it pass the political test. The Markets have gone up based on rumour, one hell of way to run a Market. Lets see the details first folks, this just smells to this blog.