The latest news reported out of Europe is that Greece will give in to the new spending rules set by Germany and the European Union. Over the weekend, Greece firmly stated that they would not conform to the requests by Germany when it comes to their national spending. What a difference a day makes, we can only wonder what king of carrot was dangled over their head to agree to the spending rules. This debt crisis story is not going to just go away anytime soon so be prepared to hear a lot of new developments over the next month or so. This morning, the S&P 500 Index e-mini futures (ES H2) are trading higher by 5.50 points to 1314.50 per contract. All of the major European stock indexes are trading slightly higher as well.