- Phrase on EU draft on support for continued non-standard measures is unacceptable for Germany
- Do not want an declaration from politicians on what is expected from the ECB
- Merkel says she is pushing for largest majority possible on the EFSF vote
Headlines via Reuters…
Score one for ECB independence being defended by the Germans.
EUR/USD has slumped to 1.3915 on diminished odds of continued ECB bond buying.
