OH CRAP: Look What's Going On In Europe
This is not what European leaders want to see less than a week after the big EU summit.
Check out what's going on with the Italian-German 10-year bond spread, a fantastic gauge of contagion fears, and the health of Italy.
Straight up today. It now stands at 404 basis points.
Here's a little perspective on where this measure has been:
L'Italie va enterrer l'euro (tant mieux, depuis le temps qu'il pourrit).