http://www.telegraph.co.uk/finance/...t-Europe-will-lead-to-worldwide-meltdown.html Continued Irish default concerns and the recent lows just above 1.2700 failed to hold.
"Mr Pröll tried to drum up support for his rescue package from EU finance ministers in Brussels last week. The idea was scotched by Germany's Peer Steinbrück. Not our problem, he said. We'll see about that. " heh...