Europe's leaders gather today to mint additional details on the expansion of the size of the Mechanism of the European financial stability and its capabilities. There are fears that things do not go as smoothly as expected. Bloomberg yesterday reported an increase of disagreements between France and Germany on the issue and redemption of bonds of the peripheral countries. There is a growing feeling that the initial expectations of matching elements to the summit on March 25, may be too rosy. It's not so simple. And moreover, not necessarily that it will be a panacea, as the markets that previously expected.
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