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European leaders face very hot autumn as they battle to save euro

From guardian.co.uk

After the traditional August lull, there is foreboding in Brussels and other European capitals about what lies ahead for the euro in the autumn. In what promises to be a momentous few weeks, the spotlight will fall first on Mario Draghi, head of the European Central Bank, who is expected to unveil intervention moves in Frankfurt on Thursday aimed at capping borrowing costs for Spain and Italy and preventing the crisis spiralling out of control. Draghi faces the wrath of Germany's Bundesbank, which is withering about his plan to intervene in the secondary markets to buy up sovereign debt and prevent Rome's and ... (full story)

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