Europe is exhaling in debt crisis
Photo credit: AP | Portuguese Finance Minister Vitor Gaspar believes his country is at a "turning point" after it sold 2.5 billion euros worth of its national debt on Thursday. (Dec. 30, 2011)
FRANKFURT, Germany -- Europe has taken a step back from the brink.
Three weeks into the year, borrowing rates for debt-saddled countries have fallen to more manageable levels. Auctions of government debt have gone better, a sign of increased investor confidence.
And while it may have been an embarrassment, especially to France, a sweeping downgrade of nine European countries last week...
