Germany passed the increase in the amount of the Eurozone Rescue package with a huge majority, widely expected, though a negative result would have increased the current financial chaos surrounding the markets. The package of US$600 billion and the mechanism for activating it should be in place within weeks but is it enough? is the big question.

This is the last trading day in a terrible quarter for Equity markets, with no sign in the short term that there is any change in sentiment for Q4 and the negative trend should continue until the situation with Greece is clarified.

If Greece defaults, even partially, there will be huge losses to be absorbed by the financial system and the Banks carrying Greek debt that might suddenly worth 50% less, could need support

The spectre of a failing Bank in the middle of this crisis, would magnify the fear and panic we are seeing already but the amounts and Banks involved should be very clear to Eurozone officials by now, so solutions should be in place to deal with the fall out.

Having said that, there isn't a great deal of confidence around in the speed with which Euro leaders have dealt with the crisis so far and this  will impact on Equity markets and the Euro, until the Greek debt crisis is resolved.