If CDS Spreads Are Right, Then Europe's Bailout Fund Is a Giant Failure

http://finance.yahoo.com/tech-ticker/article/482959/If-CDS-Spreads-Are-Right%2C-Then-Europes-Bailout-Fund-Is-a-Giant-Failure


While European credit default swap spreads have contracted substantially post the announcement of a super bailout fund for troubled Eurozone nations, they are still pretty ugly for Greece and Portugal.