Germany wants to suspend the EU voting rights of budget “sinners”. France has so far been reluctant to join the Germans in support of the measure. Could be because less than a decade ago both France and Germany were the foremost budget “sinners” in the EU…

German finmin Schaeuble will attend a French cabinet meeting tomorrow to make his pitch…

EUR/USD has eased back below to the 1.2890 area as hopes for a cut in rate the Fed pays on excess reserve dim after a mid-afternoon boomlet.