Beat the Germans in the European championship last night, starred down Merkel at the EU summit. Sets the stage for easier bailout terms when that day comes. What’s not to like?
Stocks are rising like a rocket in Milan, up 5.25%. 2-year yields are down an astonishing 75 bp in the wake of the summit.
Will it last? Probably not. But eat, drink and be merry, because tomorrow we die…