Indecision on the Paris Bourse. After opening sharply higher the CAC 40 has erased most of its gains and slipped into the red. By mid-afternoon he sails around the equilibrium (-0.15% to 2816.50 points). The technical rebound was short-lived deal with a series of bad news from the euro area. . As the day they are still unable to overcome their fears about the outcome of the crisis.

The 10-year rate bonds of Italy is back above 7% in the afternoon, a rate close to its record, while Paris, Rome and Berlin have pledged not to touch the independence of the European Central Bank (ECB) in a mini-summit in Strasbourg guaranteed approval cash loans.

By late morning, Fitch lowered the rating by one notch from Portugal, to "BB +" from "BBB-". The agency has imposed its new rating a negative outlook.