Telegraph Live: Reports that Germany has tried to bring some reality in to recent Eurozone discussions, the Germans have stated that the next EU meeting would not have a magic bullet for the crisis. In other words folks the Germans don’t want to be on the hook for trillions, thus the Markets are back in the red, also the German Supreme Court has made it clear there are limits, the Court will not allow Germany to underwrite the debt of the EU. Thus in many respects it’s a matter of bluff folks, at 7.23 UK time the Down Jones in the US is down 213.05 points, the FTSE - 100 at the end of the day was down just short of 30 points. The Markets want a detailed and tough plan from EU leaders, the leaders would like to get re-elected, thus how much pain are the willing to inflict on the voters to support the Euro, how much cash will be asked from France, Germany and the other 15 Eurozone Countries. Also the UK Coalition Government through the IMF will have to gets its wallet out, its going to cost folks, and it will not be popular, choppy waters ahead folks.
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