Telegraph Live: Reports that Chancellor Merkel of Germany has stated there is no big solution to the Eurozone Crisis. This could mean trouble folks, as Germany is expected to bailout the Euro, through being the main supplier of the 2/3 trillion stability fund. Also to support the creation of Euro bonds as to take the pressure of PIIGS. Although the German Parliament supported the 440 billion expansion of the Euro bailout fund there are doubts that will support trillions of German tax payer money going to PIIGS and also under write Euro Bonds. Also the German version of the US Supreme Court has stated it would have problems with any deal that saw Germany underwrite the rest of Europe. Thus expect more delays folks, more meetings, more up and downs markets, more austerity packages, more unemployment and also social unrest from Spain to the US.
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