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Eurozone watch, November 4

Today sees Greek prime minster George Papandreou fiddling a merry tune, France and Spain peddling some debt, and the ECB cutting interest rates

“Indecision may or may not be my problem,” mused singer Jimmy Buffett. Greek prime minster George Papandreou is still working out whether the eurozone is his problem or not, after abandoning his decision to hold a referendum on the Greek bailout.

Unsurprisingly, for the birth place of democracy, the need to vote runs deep among the Greek populace. Gary Jenkins, head of fixed income at Evolution Securities, summed it up nicely: "As it currently stands however it looks like it may have gone from the virtual collapse of the Greek state to don't call a referendum, form a coalition government, pass GO and receive €8bn."

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