Eurowrap 7/11/12

It’s time to add a new word to the lexicon of EU commentary: 'Gretention' 

Who’s talking about Grexit now? 

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France steps onto the austerity path 

Another round of PMI from the eurozone showing a familiar trend.

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Beyond posturing, Germany knows that the UK is needed in the EU

The UK’s global clout would not be easy to replace.

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'If you want to save Greece, stop lending it money' 

The continued borrowing is often overlooked in the debates over how to rescue Greece, and it indicates that the effort to avoid default is doomed. 

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