Alright here we go for the results ahead of eventually more initiative if necessary. An initiative to support the demand for collateral for all the nations that are not involved in the debt mess have won an overwhelming majority, just 3 declared to be supportive of the initiative once an inquiry has determined the level of responsibility among the banks and the national banking regulators that have failed or deliberately turned a blind eye to cover "gung ho" lending of their national banks.

In non diplomatic terms, the eurocracy has been getting drunk shoWing the worst kind of crony banking and regulation compromising the future of the currency with an unleashed recklessness and carelessness. Countries that are not involved in the euro demise motivated by countries with large deficits, large debts beyond reason and refusing to enter drastic cuts policies cannot accept to see their people foot the bills with no guarantees after they have accepted
Some tremendous efforts to keep their countries public finances healthy and sound.

What to u have? Make me think of the doctor in a hospital that has a group of ten guys, w have a cancer and 3 are healthy, the nurses complain about the lack of unity of the patients team that makes their job more complicated, the doctor decides that to strengthen the team and facilitate the treatment, the three healthy folks will be contaminated.

Anyway I oppose the Euro bonds, it is among the most stupid ideas I have been given to hear of...

Asia banks cut credit to french lenders (9,!9) and shorts to be banned starting more or less now, how bad is the situation?
No idea yet but sell off not caused by rumors, broader economy, frech growth and cost of ressource as well as questionable recent lending practices. some gung ho one said.
What do u have from Asia, how tied it can get?