Eurozone crisis: live blog

Simon Tilford, chief economist at the CER, belives that Germany is becoming increasing isolated. "The French government, shaken by the rise in its borrowing costs, is becoming more openly critical of Germany’s refusal to support more concerted ECB action to stabilise the markets. Italy now has a prime minister with real credibility (and a background in economics); it will be harder to simply brush aside Italian concerns. And crucially, Dutch, Austrian and Finnish borrowing costs are rising now quite quickly relative to German ones. So far, these countries have firmly supported the German line, but that could change as they get drawn into to crisis. A Germany in a minority of one and subject to increasingly vocal criticism may yet bend, opening the way for the needed ECB shock and awe."