Euro-area nations are considering dropping private-sector involvement from their permanent bailout fund as they discuss wider treaty changes, Reuters reported, citing European Union officials. German Chancellor Angela Merkel and French President Nicolas Sarkozy âconfirmed their support for Italy, saying that they are aware that the collapse of Italy would inevitably lead to the end of the euro,â Italian Prime Minister Mario Monti told a Cabinet meeting, according to an e-mailed statement.
You sure? For the moment I see that we'll go down. But then (if nothing has changed in the general market dynamics) we'd have to test the region around 5850 at least once (before we go down bigtime which certainly will come because the bottom isn't solid).
There is an insane fight going on at 5750-5770. I don´t know what´s tjis all about. But more than 25.000 contracts changing hand doesn´t make sense for me - except somebody is fighting for a stupid option play...