The EU has finally bailed itself out — this time with the help of the IMF and, indirectly, the American taxpayer. European countries have injected almost a billion euros into the banking system to end the debt crisis and revive the stock markets of the West. Their efforts have shown results: all stock markets have risen, with Spain seeing the greatest increase, more than 14%.
In other news, a controversy has arisen in Australia over a reality television program in which several young people will auction their virginity to the highest bidder.
Thanks to Barry Rubin, C. Cantoni, Diana West, Fjordman, Frontinus, Gaia, Insubria, JD, JP, KGS, REP, TB, Vlad Tepes, and all the other tipsters who sent these in.
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