Market Watch | Tuesday, December 13.

Eurozone banking system on the edge of collapse The eurozone banking system is on the edge of collapse as major lenders begin to run out of the assets they need to keep vital funding lines open… ★ 72 via Telegraph Finance Eurozone Europe crisis: the seven key questions Britain must face "Auf Wiedersehen, England!" was how German magazine Der Spiegel reacted in the early hours of Friday. "Der Euro ist wichtiger als die Briten," (the euro is more important than the British) concluded the German tabloid, Bild… ★ 31 via The Guardian Forex: Euro falls on lack of decisive EU action at summit The euro fell on Monday and was expected to struggle going into the year-end after EU policymakers agreed on deeper economic integration but fell short of a convincing plan to deal with a funding crisis undermining the stability of the euro zone… ★ 53 via Reuters World Forex: Euro Weighed Down By S&P Euro-Debt Downgrade Talk The euro was down versus other major currencies in Asian trading Monday as concerns persist about a possible downgrade of euro-zone sovereign debt by Standard and Poors, even though a summit of European leaders Friday… ★ 47 via Wall Street Journal Outlook for Euro Darkens on Summit, ECB Policy Foreign-exchange strategists are reducing their forecasts for the euro at the fastest pace this year as European Central Bank President Mario Draghi’s interest- rate cuts remove one of the currency’s pillars of support… ★ 34 via Bloomberg Bundesbank rejects Europe’s IMF funding ruse Germany's Bundesbank has raised serious objections to EU summit plans to shore up Italy and Spain by channelling up to €200bn (£170bn) from central bank reserves through the International Monetary Fund (IMF)… ★ 35 via The Telegraph Around the World A Romance With Risk That Brought on a Panic Soon after taking the reins of MF Global in 2010, Jon S. Corzine visited the Wall Street firm’s Chicago offices for the first time, greeting the brokers, analysts and sales staff there… ★ 123 via NYT Dealbook Asian Shares Pare Gains Most Asian markets advanced Monday, with exporters and commodity-linked stocks among the notable gainers, as an agreement by European leaders Friday to overcome the region's debt woes lifted investor sentiment… ★ 26 via Wall Street Journal Asia Russia billionaire Mikhail Prokhorov to challenge Putin Russian billionaire Mikhail Prokhorov says he will challenge Prime Minister Vladimir Putin in next March's presidential election in what he says is the "most important decision" of his life… ★ 32 via BBC Europe