Remember Europe's good old days? You know, June? The Greeks had finally elected a government, and the country's new ruling coalition was willing to stick with an austerity program. In Brussels, a June 29 summit ended with German chancellor Angela Merkel yielding a little on the need for harsh medicine for any country that applied for rescue funds. The leaders of Spain and Italy claimed victory, and markets momentarily stopped pummeling their bonds.
展开▼
