The attempt by the EU to slow the sovereign debt crisis is working at the current time. The EU has agreed on an aid package that is almost $1 Trillion dollars and that level of support has caused default swaps to decline today.
To read a related Bloomberg article, please click here:
http://www.bloomberg.com/apps/news?pid=20601087&sid=afdkgsGvckw0&pos=3
Jim Sutliff