The Merkel-Sarkozy Bailout Plan: Europe’s Markets on the Morning After

By: Francis Cianfrocca (Diary)  |  October 31st at 09:52 AM  | 

When you’ve been on the edge of having a convulsion for months, you could be excused for clutching at anything to convince yourself at least temporarily that you’ve turned the corner. Today, this is looking like a fair characterization of last week’s big relief rally at the euro “rescue” plan that was “agreed” in Brussels. Markets are trading significantly lower this morning, and much is | Read More »