Tuesday Evening Links

[Bloomberg] Oil Tumbles on Ample Supply With Volatility Near Seven-Year High

[Bloomberg] How the Bank Debt That Everyone Is Talking About Works: Q&A

[Bloomberg] Junk Energy-Bond Costs Soar as Crude Drags Global Economy Down

[Bloomberg] Mexico Peso Tumbles After Government Signals Spending Cuts Loom

[NYT] As Oil Prices Plummet, Mounting Debt Catches Up With U.S. Producers

[Reuters] Founding members say European Union is in bad shape