“There’s a hole in your firewall, dear Geli, dear Geli….”

Just released by the EU, this is from Reuters at noon GMT today: (my italics)

‘Euro zone finance ministers agreed on Friday on a temporary increase in their financial rescue capacity to prevent a new flare-up of Europe’s sovereign debt crisis, but markets may judge it too small to be convincing.

Austrian Finance Minister Maria Fekter said the 17-nation currency area would combine two rescue funds for a year to make more money available in case of emergency. She put the total figure at some 800 billion euros, but that appeared to include money already spent to conjure up a more impressive headline number for investors.

You read it here first: Mountains & Molehills at Wednesday’s Slog