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

Bruselas propone que el fondo de rescate recapitalice de forma directa a la banca | Economía | EL PAÍS

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

Europe’s money contracts again – Telegraph Blogs

Secret ‘Kill List’ Tests Obama’s Principles – NYTimes.com

Europefinancial newsGreeceIrelandSpain