- Govt’s goal is to implement July21 agreement with Eurozone leaders
- Germany, France will jointly discuss what’s possible based on existing treaties
- Merkel and Sarkozy will discuss a more appropriate crisis management for Eurozone
- German Govt has said it doesn’t consider eurobonds sensible, which is why eurobonds will not play any role at all at tomorrow’s meeting
- Govt welcomes that Italy taking such strong measures for solid budget policies
- Govt extremely pleased that other european govts now taking steps against naked short selling
EUR/USD drops to 1.4291 before bouncing back to 1.4305/10…
