The vital question is whether - as and when the cost of bank bailouts is disclosed in the form of the promised proposal to inject capital into all European banks that need strengthening - loans to eurozone countries like Belgium and France will be seen to be more or less at risk.

BBC: Dexia: The burden on Belgian and French taxpayers

First, they're going to inject cash, billions and billions of dollars into all these cash-poor banks so those banks can get back to normal operations again, and that's what was announced in London this morning.

NPR: Euopean Leaders Move Forward On Bailout

The aim behind all things government right now is (or should be) to inject confidence--not fear--into the system.

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