Merkel Tells Monti to Fix Italy

LONDON – Prime Minister Mario Monti helped stabilize Italy at the most perilous moment of its financial crisis, and he gets credit from many for starting the country on a long road of necessary structural reforms.  

The G-20 summit is over. As expected, the two-day summit produced nothing but bickering. On day one, European Commission president Jose Barroso kicked things off by sniping at a Canadian reporter and blaming the US for Europe's problems. UK Independent Party (UKIP) leader Nigel Farage responded by calling Barroso a "delusional idiot".

All eyes are focused on the Greek election on Sunday. However, a fundamentally far more important election (for the long term) will take place in France on Saturday.

Der Spiegel has published an inane article about Europe's 10 Most Dangerous Politicians. Top 10 List

Yield on 10-year Spanish bonds remains stubbornly high near 7%, but yield on 2-year bonds is in the midst of a breathtaking crash. click on any chart for sharper image Spain 10-Year Government Bond Yield