Thursday, August 4


Receiving Wide Coverage ... European Contagion: The papers report today that the continent's debt crisis is spreading from peripheral countries (Greece, Ireland and Portugal) to Italy and Spain. (Though we'd thought that the investment community had lumped all five together a while ago, given traders' use of the unflattering acronym PIIGS). According to a story in the Times, big banks in those two larger economies -- namely Italy's UniCredit and Intesa, and the Spanish banks Santander...