The euro has spent much of this month successfully skating on thin ice. Next month, it may not be quite so lucky. Ever since the European Central Bank agreed in principle to provide Spain with a sovereign bailout, the international investment community has assumed that the Spanish government will buckle under and make the formal request that is required. Investors have driven the cost of Spanish borrowing back down, with 10-year yields falling well under 6%, and pushed the euro up into a solid trading range around $1.30. And there yields and the euro have stayed for most of October — waiting. But, as each week has ... (full story)