``French president Francois Hollande achieved his coup de theatre. The French media gently accused him of staging a choreographed spat with chancellor Angela Merkel over eurobonds, knowing that Germany will not share its credit card with the debtor states until there is a fully-fledged United States of Europe -- anathema to France. "While Germany sees eurobonds as the end point, we see them as the starting point," said Mr Hollande.''

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