Links: 2012 05 25
Unfortunately I don’t have the time to do a proper daily commentary. But here are the links.
Beware hidden costs as banks eye ‘Grexit’ – FT.com
A parallel currency for Greece? | Gavyn Davies
Europe’s slump deepens as Kabuki summit falls short – Telegraph
Resilient China: How strong is China’s economy? | The Economist
Artur Mas, el rescate de Cataluña y los nervios del mercado sobre España – elEconomista.es
Spanish Lender Seeks State Aid – Ratings Cut on 5 Banks – NYTimes.com
4th straight record low for mortgage rates – Lansner on Real Estate : The Orange County Register
9,200 OC homes worth half their mortgage – Lansner on Real Estate : The Orange County Register
Analysis: China’s new privatization plan faces push-back risk | Reuters
BBC News – Weak rupee hitting Indian economy
Greek euro exit flowchart: what happens next | Business | guardian.co.uk
JPMorgan Gave Risk Oversight to Museum Head Who Sat on AIG Board – Bloomberg
HSBC Preliminary May China PMI Falls, Signals Further Slowdown – WSJ.com
China targets infrastructure to lift economy, report says | Reuters
Slow and steady Mexico draws equity bets over Brazil | Reuters
BBC News – Six reasons why India’s rupee is in freefall
BBC News – Bankia shares suspended amid bailout request reports
Nationalised Spanish lender Bankia ‘to ask government for more than €15bn’ – Telegraph
Moody’s downgrades three big Nordic banks | Reuters
Former Lloyds head of fraud and security Jessica Harper charged over £2.5m fraud – Telegraph
Here’s one to ponder – https://larspsyll.wordpress.com/2012/05/26/penis-size-and-economic-growth/