No end yet to be seen to the euro debt crisis as long as the blame game goes on and the scapegoats chase is open...

Barnier Says Credit-Default Swap Traders Set to Face Mandatory Reporting

Can CDS traders be blamed for anything illegal? So far what we have seen are politicians caught with years and years of a guilty "laissez faire" and distribution of social freebies to get votes they never bothered to debate honestly the funding.... going for more debts instead. Finally the bill has come... Who should be blamed? Time will tell.

For now, it doesn't matter how many scapegoats can be found, it won't solve the eurozone woes, will it? Politicians will have to tell their constituants soon or later they have funded most of the social welfare system through debts and more debts each time a slowdown in the economy widened the deficit they created. They knowingly pushed the game until the situation becomes unsustainable, markets have just said it's the case and traders acted accordingly.

Will the EU commissioner come to its senses and instead of threatening "the evil market forces" show some courage telling the truth and set a plan to restore competitiveness and some common sense in the euromember's budgets and big spending?