This is the German link to the Frankfurter Rundschau original article but there are english translations available. The newspaper has gotten hold of a Bundesbank report which seems very critical of the rescue plan, saying that it neither complies with the Maastricht Treaty nor does it ensure that no German funds will end up in Greece. It also says that the IMF plan will not force Greece into the same stringent budgetary measures that the EU would.
This might be somewhat EUR negative as we head into European trade but intraday short covering rallies remain a danger.
