Just a few days ago, people were talking Europe having made a breakthrough, as EU leaders seemed to agree on news ways of recapitalizing banks. Now: everything is unraveling, as borrowing costs and CDS spreads in Europe shoot back up. In this brief video, we explain what happened. Click link below to watch video.
Read more: http://www.businessinsider.com/eu-summit-fails-to-alleviate-concerns-with-europe-2012-7#ixzz208ZAOKAC