EU – debt laden Italy/France at odds with Germany

Red lights are flashing as tension rises and rifts widen over the EU’s response to the credit crunch.  Eurozone inflation jumped to 10.7pc in October with Germany at 11.4pc which puts it in much the same boat as the UK. The difference being that a single currency necessitates a focused response, impossible when it services disparate economies. Italy with huge debts objects to credit tightening backed by France which has an even bigger debt burden while Germany with its historic fear o