German chancellor Merkel is on the wires reiterating that there is no chance Germany will allow the Euro safety net to be extended. I believe it is scheduled to be in place through 2013. She further says she wants amendments to the EU Treaty to allow for the suspension of voting rights for bailed out nations.
EUR/USD is easing a bit as the chancellor tries to get Germany out of the bailout game. Good luck with that!
EUR/USD trades at 1.3612.
