Hey, I know you guys get a bit bored with all this stuff about Euroland, but it's important (I think).
If you want to keep up with the details, you can read about it here. But things are not going well. Even the mighty German economy may not be doing as well as Frau Merkel und Freunden think, if the result of their sale of bonds this morning is a sign. And the yields on bonds for the Club Med are still much higher than comfortable. (I can't really explain why bond yields are so important these days; when I was a lad, it was the balance of payments that we worried about. Fashion, I suppose.)
Meanwhile President Barroso's plans for "stability bonds" (nice name, Jose!) appear to be still-born, as Angie has delivered the black spot. Oh, and Hungary is in deep financial doo-doo, even though it's not in the eurozone.
That apart, everybody is happy (well more or less), with the exception of Signor Bunga Bunga who may be regretting his relationship with Ruby Heart-Stealer ...
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