German finmin Schauble hits the wires with statements that should send risk markets rocketing...

|By:, SA News Editor

German finmin Schauble hits the wires with statements that should send risk markets rocketing higher, but may be ignored today. He says his country is ready to allow the IMF to use SDRs to widen its bailout involvement and that EU finmins have agreed on national guarantees for the banks. Europe at new highs, Stoxx 50 +4.7%, Germany +5.5%.