Balsamic Glazed Pearl Onions

Ingredients

• 2 1/2 pounds pearl onions
• 2 tablespoons olive oil
• 1 cup balsamic vinegar
• 1/2 cup water

Directions

1. In a saucepan of boiling water, blanch onions for 3 minutes then drain. Cool onions and peel.
2. In a large heavy skillet, heat oil over moderately high heat until hot but not smoking.
3. Sauté onions until lightly browned, about 5 minutes.
4. Add vinegar and water; simmer, stirring occasionally, until onions are tender, about 15 minutes.
5. Transfer onions with a slotted spoon to a platter, reserving liquid. Glazed onions may be prepared up to this point 2 days ahead with onions and reserved liquid chilled separately and covered.
6. Reheat onions in reserved liquid, adding a little water if necessary, and transfer with slotted spoon to platter.
7. Simmer reserved liquid until thickened, syrupy and reduced to about 1/2 cup.
8. Spoon sauce over onions and serve warm at room temperature.