Contagion still on the bottom rungs of the ladder...

...but climbing fast.

Name MidSpread
Greece 412.25 (was 376 on 2/2)

The UK, contrary to most pundit opinion, should be relatively well insulated by these events given their control over both monetary AND fiscal policy. They have control over rates, bond, issuance, and to some degree currency price levels.

Only a matter of time before this ailment that has affected the extremities travels to the heart of the EU.

And U.S. assets continue to be the default "port in a storm" for the ROW.