• The Split between France and Germany on enhancing the EFSF still remained after meetings last night between Sarkozy and Merkel. From Reuters News.
• Merkel is risking her political future in efforts to push a Greek bailout, as the average German voter continues to balk at taking on more financial responsibility. From Bloomberg News.
• A trading scandal and difficult trading markets have UBS planning more cuts in investment banking operations. It looks like downsizing the unit is the favored option for the bank, rather than a sale or spin off. From the Wall Street Journal.