EU Summit Ends

Hong Kong holiday and boy do we deserve it!!  It was a tough week but actually ended in a surge of optimism.  Euro zone leaders completed their summit and agreed to take emergency action to help banks in Spain and Italy.  They also announced Euro area rescue funds could be used to help a countries' debt markets without having to adopt extra austerity measures.  Details are still missing and skepticism is high (especially in Germany) but markets reacted well.  Still too early to say we're out of the woods but let's take it one day at a time.  Thankfully this week it's only four days!