Spreadex Market Update
The afternoon sees steady inclines
Low expectations for the EU Summit has pervaded the market as German Chancellor Angela Merkel reiterates her strong stance opposing Eurobonds and close equivalents until reforms are implemented and sovereigns relinquish some budget control to Germany and agree to overarching supervision.
Attention is likely to shift to making progress on a Euro-wide bank deposit insurance scheme in a quest for assuring the public that their money is safe and prevent a full blown bank run across the Eurozones periphery banking systems.
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