## Paragraph with inline markup

Paragraphs contain text and may contain inline markup: emphasis, strong emphasis, interpreted text, `inline literals`, standalone hyperlinks (http://www.python.org), external hyperlinks (Python), internal cross-references (example), substitution references (), and inline internal targets. There are also anonomyous hyperlinks, which also may contain more then one word.

Markup is also allwoed at the very beginning of a paragraph.

Paragraphs are separated by blank lines and are left-aligned.