in exchange of a free floating , germany proposes to add China renimbi 2 IMF special drawing rights currently composed of eur, gbp, usd and jpy . power politics in display. Ireland going in2 surplus, EU rescue plan working, budget cuts, yields fall form 14 to 9%. there is hope after all. martin wolf and the self-fulfilling prophecies of doom, weak UK demand stalls recovery, longest depression since a century!P. Stephens the historian emphasizes geopolitical tension with rising China and Asia blaming lack of focus from Sept 11 on. china social housing program supports demand for iron ore. Mackintosh the trader , if Europe manages to do few things right then fear of recession could prove overdone. Helas China slow down affecting markets