Thanks for checking in with Abnormal Returns for seven (or so) links at 7AM Eastern.  Good luck out there today.

Still sitting on the sidelines.  (Joe Fahmy)

What high yield bond spreads imply about the economy.  (Pragmatic Capitalism)

The long talked about Greek bankruptcy seems to be around the corner. (Bloomberg, Money Game)

Keep an eye on the French banks.  (The Reformed Broker, WSJ, FT Alphaville)

The UK looks to ‘ring fence’ consumer from commercial banking.  (Bloomberg, FT, FT Alphaville)

Gavyn Davies, “I am fresh out of ideas on how this crisis will be resolved.”  (FT)

A three-step endgame is playing out in Europe.  (A Dash of Insight)

The market week in review.  (Global Macro Monitor, ibid)

The economic schedule for the coming week.  (Calculated Risk)

For all the latest new and links follow us on StockTwits and Twitter.