Market confidence in Euro solution fades

In theory this coming weekend, the meeting of the Eurozone ministers will come up with solutions that will solve the Greek debt crisis and put a safety net under Banks that may lose out through a partial Greek default or "haircut" .

On Monday this was believed but since then Angela Merkel, the German Chancellor has played down expectations of a "final solution" weekend and urgent crisis talks with her French counterpart, Nicolas Sarkozy, who's wife has just given birth, have followed.

This has eroded the short term positive feel to the markets, opening negatively in Europe following losses across Asia and there is now more of a feeling that the short term fix that may have come out of the meeting of the EU Financial ministers at the weekend, will be unlikely.