Merkel must be back from vacation, cause Europe just fired up the all talk and no action rumor mill again. Spain in talks with Euro-Zone over terms of sovereign aid, according to "sources" - RTRS So far so good - this is to be expected by the country whose bonds are trading lower only because this has been priced in for the past month. But: No final decision has been made by Spanish authorities to request a bailout - RTRS. So.... no news? No decision expected before September 12 at the soonest, politicial negotiations to intensify on September 14 or 15 - RTRS. So... no news because the ESM which is critical to the ... (full story)