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Eurowrap 02/07/12

A focus on the key news and analysis surrounding the eurozone crisis

ESM is not there to buy bonds yet, and Germany is still the key

German approval remains crucial if a country wants to tap the ESM.

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Morgan Stanley: Here's why last week's EU summit was a big positive

Morgan Stanley’s Joachim Fels is confident that last week’s summit was an important step forward... 

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Eurosummit: much ado about something? is Karl Whelan.

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Europe’s small step on a long road

Delusional economics is less convinced, with concerns over the summit statement’s vagueness. However, it’s still being seen as a positive – which may be telling as to how low expectations were.

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The four paths forward for the euro area

Where next for the eurozone?

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