Europe: Read the small print.

European leaders have agreed a timetable during which they will produce (only) the legal framework for a Eurozone Banking Regulator.

Critical words? Timetable and Legal Framework.

NO BANKING REGULATOR.

Implementation will be “during 2013”. (Nothing AT ALL to do with the pure coincidence of the September 2013 German Elections.)

That sort of crap deserves a Nobel Prize!

Good job they managed to crank up the markets earlier this week…….

pssst……….the economy?………