Analysts: 'Eurozone crisis deepens as slowdown spreads to the core'

This note has just dropped into my email, from Capital Economics, the London macroeconomic consultants who provide serious analysis to institutional and corporate clients around the world. The managing director is the famous Roger Bootle.
So here their take on the eurozone after the latest so-called 'bailout', and I'd say it is spot-on:
"The latest rescue package for Greece has reduced the threat of a near-term catastrophe in the eurozone. But it does not address the fundamental problems facing Greece itself and is unlikely to bring an end to the recent signs of contagion to bigger economies like Italy and Spain."
"Meanwhile, the economic data has brought growing evidence that the weakness of activity in the peripheral economies is starting to spread to the core, with even Germany – the powerhouse of the recovery – losing steam."
"With growth likely to slow further over the coming quarters and the fiscal crisis set to continue, doubts over the future of the currency union are likely to grow."
Though I'd say "doubts" is an understatement.