Are we merely just walking tightropes between the frying pans and the fires again & again???
"The euro on Tuesday fell against the dollar to its lowest level since mid-July as worries about Europe's sovereign debt crisis weighing on growth have analysts reconsidering what the European Central Bank will do."
Euro under $1.40 for first time since mid-July - MarketWatch
"BERLIN—Signs are increasing that German Chancellor Angela Merkel may have to risk her political career to make sure that Germany delivers on its commitment to expanding the euro zone's bailout capacity.
Two mock votes among the center-right parties of the federal government late Monday suggested that she can scarcely rely on their support alone to guarantee the passage of a vote that would increase the lending capacity of the European Financial Stability Facility and allow it to take on the role of lender of last resort from the European Central Bank"
Merkel Battles Bailout Blues - WSJ.com
All this as RTE just announced the likelyhood of anti-austrerity strikes in Italy!