Frenzy over increasingly likely Greek debt restructuring and outcome of Finnish elections sends eurozone bond spreads back up to crisis levels; Spain  has returned  once again in the spotlight of the markets; German and Greek newspapers report that officials had confirmed that debt restructuring would be under way; Reuters says investors disbelieve the story of a "voluntary restructuring", fearing a massive forced restructuring down the road; markets were also spooked by S&P downgrade threat for the US and the outcome of the Finnish elections; Finnish Social Democrats call for participation of True Finns in government, citing common ground on economic policy; Klaus-Dieter Frankenberger pleas for some perspective in the discussion over the significance of the True Finns; Peter Ehrlich sees the rise of a European Tea Party;Spanish bad loans ratio increases; Le Monde ruminates about the dichotomy of a strong euro and a weak eurozone; Wolfgang Schäuble supports
Mario Draghi for the ECB presidency, but Merkel's office sceptical about a "southern European"; Deutsche Bank fails in its bid to sell BHF over concerns of its regulator; the Bundesbank, meanwhile, went ballistic in its monthly report, criticising each aspect of the March 24/25 agreement as insufficient.