Look Out Above, Spanish Bailout Mode

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Markets are rallying around the globe on the 20th such meeting of the Eurozone.

Bloomberg reported “Euro-area leaders agreed to relax conditions on emergency loans for Spanish banks and possible help for Italy as an outflanked German Chancellor Angela Merkel gave in on expanded steps to stem the debt crisis.”

How was Germany outflanked? Italy and Spain threaten to block ‘everything’ at what was described as a tense EU summit via Telegraph.

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