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The Coming Greek Collapse

Good News by Default—David Frum

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ARIS MESSINIS / AFP / Getty Images

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Want some good news with your higher gasoline prices?

Italian bond yields fell below 5% yesterday for the first time since August, as the Euro crisis comes off the boil.

Spanish debt has declined in price too, according to the FT.

Bad news: Portugal seems to be following Greece along the path to default.

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