Let’s face it; the only surprise left to the European debt crisis would be if it actually got resolved. There have been so many predicting that Europe would be unable to fix its problems that listening to Steven Tyler sing the National Anthem would be a welcome alternative.  Yet, European leaders continue to act like Churchillian American leaders:  they do the right thing after exhausting all the alternatives. 

As I wrote yesterday, the ECB is finally engaging in Fed-like alphabet soup lending facilities and cutting interest rates.  Italy, Spain, Ireland have engaged in belated, yet meaningful austerity measures.  (Yes, Greece … …READ MORE