ESM

As the UEFA European Championship, commonly known as Euro 2012, continues through the first matches of the group stage, an interesting pattern arises. Of all sixteen nations in the tournament, only three nations, the Czech Republic, Italy, and Ireland, have not defaulted since the year 1300....

As the European Debt Crisis has now taken down its fourth nation, now batting .800 or four out of five, let us discuss the bailout that may not be as stellar as originally thought. As I wrote on Friday, a European TARP could not work, and so the question became of what shape would the Spanish bank...

Good morning on this Monday, and it is a good Monday as we wake up to see a sea of green. Stock futures and other risk assets are up overnight as the Eurogroup agreed to a bailout package of the Spanish banks overnight and Chinese data was not as bad as expected following the surprise rate cuts...