The two largest economies in Europe meet in Paris today, as Merkel and Sarkosy discuss ways of restoring confidence in the Eurozone and the Bonds the individual countries need to issue to fund their financial obligations.

The ECB has spent Euro 22 billion last week buying member bonds to stabilise prices but this can only be a temporary measure.

The less confidence investors have in a country's economy, the less likely they are to buy their bonds and they then have to pay higher rates to attract buyers of their paper, which increases their debt problem. A vicious circle is created that can suck in other eurozone members also and it is this contagion that could stress Eurozone finances to breaking point, that needs to be avoided.

It is highly unlikely that a short term fix to the current debt crisis will come out of this meeting. The concept of a Eurobond that could fund all members, a panacea for all debt evils that would weigh heavily on Germany above others, will not be something Merkel will want to talk about, especially with economic data just out showing the German economy is slowing down.