Daily commentary: closing in on the next euro zone crisis solution
The euro zone continues to dominate the headlines, with both Spain and Greece on the verge of collapse. Ireland, however, has voted in a referendum today to decide whether it accepts the fiscal treaty that Germany has been pushing for in order to create a ‘fiscal union’. David McWilliams, the Irish economist, has a piece out today urging his fellow citizens to vote no because he believes the fiscal pact will only make things worse. No real news in Italy or Portugal but a lot of good links. I expect a big crisis policy move in the next days, probably a bank recap but it’s not a sure thing.
That’s it.
BBC News – US economic growth slower than thought in first quarter
Cash-Rich Japanese Firms Go on Global Buying Spree – WSJ.com
A Look at Case-Shiller by Metro Area – Real Time Economics – WSJ
Capital Account TV Exclusive Interview of CBO Mortgage Fraud Whistleblower! – YouTube
Record Low Interest Rates, And They Can Go Lower – MarketBeat – WSJ
Confidential IPO Filings Soar After JOBS Act – Deal Journal – WSJ
España no debe reflotar Bankia, debe eliminarla
German Retail Sales Rose for a Second Straight Month in April – Bloomberg
BBC News – India growth rate slows to 5.3% in first quarter
Woman Who Couldn’t Be Intimidated by Citigroup Wins $31 Million – Bloomberg
David McWilliams » The fiscal treaty will only make things worse
Only the ECB can save the euro now – Telegraph
Confidential IPO Filings Soar After JOBS Act – Deal Journal – WSJ
Brazil cuts rates, now what? | beyondbrics
Radical anti-bailout left regains Greek poll lead – Yahoo! News
The President as Executioner | Swampland | TIME.com
Should the FBI Be Allowed to Wiretap Facebook? | TIME Ideas | TIME.com
Google tablet with Android 4.1 & Tegra 3 quad-core processor gets closer to reality | VentureBeat
ECB denies rejection of Bankia rescue plan – Telegraph
The Greek crisis: a cautionary tale from Argentina | Business | guardian.co.uk
BBC News – European Commission suggests bank bailouts
Bankia calls in Spiderman to boost deposit drive | Reuters
We are Statists in Classical Liberal Clothing | Bleeding Heart Libertarians
Spain faces ‘total emergency’ as fear grips markets – Telegraph
M Stanley derivatives switch hits hold-up – FT.com
The Epicurean Dealmaker: As Long as the Right People Get Shot
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