Germany and the U.K. have a lot of "common ground" and goals for the E.U. says German chancellor, Angela Merkel adding that to reach these goals, some countries will have to do their "homework."» Read More
If previous EU responses to the euro crisis are any guide, investors should not be expecting a highly-coordinated, shock-and-awe approach like those we have seen from the US authorities.
Bundesbank president Axel Weber said a lack of political acceptance in the eurozone for his hawkish monetary views had driven his abrupt decision not to run. The FT reports.