The war of words between the Greek FinMin and the German FinMin escalalated overnight with Mr Venizelos for the first time openly admitting that there are many within the EZ who want Greece out. Herr Schaeuble has always been very wary of Greek promises and seems to be becoming even more so. EU group members will be reporting back to their various nations this morning and I’m sure there will be a spate of headlines hitting the wires throughout the day.
Spain, France and the UK will be holding bond auctions, another potential source of volatility.
