More austerity protests across Europe. Portugal stalls on employee tax hike. Pain without gain. Monster ”bug”!

From the Telegraph on Wednesday:
“Yields on 10-year Spanish bonds punched back above the danger line of 6pc and spreads over German Bunds reached 450 basis points, intensifying pressure on Madrid as it continues to resist a sovereign bail-out.
The alliance of hard-line creditors said the European ............