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The European "No Action, Just Talk" Rumor Mill Is Back
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)
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