What? Every man and his dog in the EU has been telling us for days that they are prepared to bailout any EZ state that hits the fiscal rocks. Now Italy’s says there is no plan to do so, though tht if a eurozone state got in trouble, its partners would “show solidarity”. What are they gonna do, wear a green ribbon on their lapels if Ireland goes bust?
EUR/USD is giving ground amid talk of the ECB eventually going the QE route. Large stops lie below 1.3525, dealers say.
