Bloomberg headline.

And so it goes…………

  • DIRECT ESM AID TO SPANISH BANKS NOT POSSIBLE
  • Confident Spain to take needed measures
  • Important to observe right sequence on Spain
  • Any Spain aid to banks needs to be notified
  • Spain hasn’t decided how to fund potential aid

(Official doesn’t comment on Saturday eurogroup conference call)

Methinks we’re going round in bloody circles here

:(

EUR/USD sits at 1.2462. As aforementioned, next batch of sell stops reportedly through 1.2440.