German anti-euro backlash gathers pace - Marsh on Monday - MarketWatch
In the aftermath of the Brussels deal on banking, once again, Merkel’s Law of Permanent Disappointment has come into play. With the euro falling toward the $1.22 level and Italian and Spanish yields heading back to danger levels, the capital markets say the latest concessions are not large enough to cure the euro’s problems — yet they are far too large for Merkel’s conservative critics, who say she has gone too far to prop up errant states with German savings. — Marketwatch
