“The fight between Germany and France over how to increase the firepower of the eurozone’s €440bn ($609bn) rescue fund comes down to a fundamental question: is there enough money in Europe to prevent a run on the €1,900bn Italian bond market?”

“The rescue fund, formally called the European financial stability facility, is only able to raise cheap money for bail-outs because it relies on the fiscal reputation of its two biggest members, France and Germany. They are two of only six nations in the 17 country eurozone that have a triple A debt rating.”

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