the leaders of Germany, France, Italy and Spain did agree on was a financial tax that would be used to pay for future bailouts but judging from the price action of the euro, investors were not impressed. Merkel is outnumbered but she holds the purse strings and getting her concede will be difficult. It is against this backdrop that we enter the new trading week where the number one focus will be the EU Leaders 

http://www.bkassetmanagement.com/eurozone-outlook/eur-unimpressed-by-growth-package-ecb-collateral-changes/

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