Eurozone a safer place?

Global markets have surged with no red to be seen anywhere, on the announcements from euroleaders regarding the solutions to the immediate debt problems.

One of these though was quite interesting as Nicolas Sarkozy, the French President said that Greece shouldn't have been allowed to join the EU in the first place as the figures it presented prior to inclusion were false. He has also made calls to China to encourage them to participate in the expanded rescue fund, all good moves when you may be looking for re election in the near future

Banks across Euope have gained substantially, having been dumped regularly, Barclays gaining 17%, some French Banks over 20% higher, though it is not clear how they will find the extra capital required under the new directive.

For now life is better, not good and when the markets settle, the magifying glass may well focus on the underlying weak global economy.