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