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Eurowrap 28/08/12

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

Judgement day for the eurozone 

(Some of) Germany versus the European Stability Mechanism.

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'Nonsense economics' and the deepening Greek crisis

Costas Lapavitsas, professor at the University of London School of Oriental and African Studies, gives an update on the political and economic situation in Greece.

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ECB's bond purchases should start with Portugal 

The ECB can't do too much with Greece at this point, but the central bank could focus on Portugal first.

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Draghi: call me maybe

A new, improved bond-buying scheme by the ECB does not appear likely to be forthcoming at next week's ECB meeting.

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