The Banks and the Eurozone Crisis

Telegraph Live: Reports that there is no rescue plan for the European Banks even after news reports. The rumour of a banking rescue plan is the reason for the Markets going up in the UK and Europe. At the moment the Stock Markets are running of blind rumour and fear, one minute hundred of points down, then back in the good, while this is going on Greece is going to hell, the first directly Greek affected bank, Dexia has to be bailed out by the French and German Central Banks, Italy is going to the dogs, or fast becoming owned by the European Central Bank, the US in political system is deadlocked till the 2012 election, the EU seems hoping something comes along that bail them out, so far the EU has not been that impressive, and if Greece goes under without a managed default then its game over, Great Depression, the PIIGS will bring down the EU.