Not shock news really and something that we’ll be reading a lot of now we’re getting down to the nitty gritty of things.

Some comments from Hungary’s Janos Martonyi says that they need a large amount of money and that the IMF are working on putting a package together.

Greece’s, Venizelos has warned that a disorderly default must be avoided (wonder if he’s long Ukraine) and that a default could mean disintegration.

Most of Europe has a vested interest for a proper solution in the Ukraine as it is one of the big suppliers of energy resources to the EU and further. You can bet your last buck that they’ll be bending over backwards to make sure that it gets sorted a.s.a.p.