Sunday, December 05, 2010

Shoring up "Shock and Awe"

The new week of crises for the EU has started early this Sunday afternoon with Reuters reporting, here, that the supposedly huge fundings made available last May in the opening stages of the present euro currency meltdown now need urgent replenishment.

Der Spiegel carried a good graphic on the amounts that might soon be needed which may be viewed from this link or here.

While Time Magazine makes much of the Portugal problem in this weekend's edition, read here, the weekend air traffic controllers strike in Spain will no doubt concentrate the market's attention where it should probably be centred when they open across Europe tomorrow morning.


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