Can Merkel, Hollande and Draghi Save the Eurozone?

As we start a new week there are high expectations for official action from the European authorities to reduce the credit costs for Spain and Italy, the latest victims of the sovereign mess. This comes after fighting talk from ECB President Mario Draghi on Thursday who said that the Bank would do "whatever it takes" to save the euro. Next the German and French leaders came out and also pledged to defend the single currency from attack.