Over to you Mrs Merkel

German Chancellor Angela Merkel. Photo: Reuters

Despite enormous anxiety right across the Eurozone, the governor of the European Central Bank (ECB), seems to have just passed the problems right back to Europe's leaders.

At a press conference he has just said it would not be right for ECB to "fill the lack of action" politicians have taken.

There was not much hope of radical moves today from him to offer solutions to Spain. But his comments have made it pretty clear he doesn't think it is his turn to play in this increasingly nervous game.