Will CDS put Europe on the road to Rouen?

At a gathering of central bankers, SSA and FIG issuers in Luxembourg on Tuesday all agreed that there was nothing like a bit of clarity and decisive communication to help solve the European sovereign crisis. Well, an academic from the Rouen Business School and a pair of French colleagues have churned out exactly that — research that is nothing like a bit of clarity and decisive communication to help solve the European sovereign crisis.