Live Webcast Of Merkozy Press Conference

Today's key Euro-centric event, the Merkel-Sarkozy conference is about to begin. Follow it live here.

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Here is the only line from Merkel so far that generated any response (negative) out of the market so far:

• "If no progress on Greek aid package, next aid tranche can not be paid out"

Looks like UBS may be right. Buy guns, gold and spam