Herman von Rompuy, the President of the European Union, has ruled out the issuing of a eurobond which would bring together Europe’s bid to tackle its debt problems.
Von Rompuy said that the markets were over-reacting.
So that's alright then, problem solved!
The "leaders" of the EU simply don't get it, the markets are going to tear the Eurozone to pieces unless there is a display of leadership and resolve to tackle the systemic failings within the Eurozone.
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