Germany, Italy NO to Deal - Eurozone Crisis

Telegraph: Reports that both Germany and Italy have raised objections to the proposed Eurozone Crisis deal, the Germans don’t want the ECB to buy bonds and Italy does not want austerity as proposed by the Germany and France. This is a train wreck folks, the small matter of domestic politics is coming in to play, the Italian PM is fighting for his political life, the Germans don’t want to risk another Weimar Germany. As the article notes if the Germans wobble the IMF might come in, that would mean that the UK taxpayer would pay for the Euro, that would go down like a lead balloon in the UK and cause more problem for Coalition PM David Cameron, thus the Euro might sink the EU and a long list of EU Governments. What ever solution the UK is going to have to gets its wallet out, Lady Thatcher would have gotten her handbag out by this time, with a brick in it, to make her point to the EU leaders.