Yes it's true.
The next mega-fight has nothing to do with Pacquiao or Mayweather. It's almost now upon us when David Cameron and Angela Merkel will face each other over the European crisis.
Too much shouting from the sidelines often causes bad feeling.
Strangely these two have more in common, in terms of ideology, than not, but have both decided that national (and personal) issues are more important than than the good of the group.
I'd love to be a fly on the wall during those rounds when the need for ECB intervention gets raised.
The whole world and his brother is screaming for ECB intervention by printing money.
Angela says she will never move on that one, and she's probably more right than wrong. After all what no-one knows what would ever happen next.
Then David will never move on the 'Tobin tax', despite the latest rumour that all of Europe is "speaking German" (backing Angela Merkel).
In principle everyone knows what will happen if that tax gets implemented.
So there we have it a mega-battle born out of national interests. (Thank goodness. IMHO)
Informed sources tell me that no-one in the Euro-zone really cares what happened to Spanish Bonds sales today. Calling the bond auction a disaster is an understatement.
In short Spain sold E3.56 billion of 10 yearr bonds (far from the expected E4 billion). It put a yield on the bond of 6.975 percent, and that is actually the the highest paid since 1997. (it was 5.4% in October 2011). Effectively that puts the debt of Spain even higher.
More selling of Spanish is the strong rumour . Whose brilliant idea is that then?