The usual suspects don’t appear to be healing in Europe. CDS spreads continue to widen throughout much of Europe despite the Herculean measures taken on by the ECB. As we mentioned last week, things appear to be getting worse in many countries across the region….Will the markets continue to sit by idly as it appears increasingly obvious that the austerity measures are not the quick fix everyone assumed them to be? Or is this just a shot across the bow?
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