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Bloomberg reports Monti Calls for More Crisis-Fighting Urgency in ECB Standoff Italy’s Prime Minister Mario Monti warned of a potential breakup of Europe without greater urgency in efforts to lower government borrowing costs, as a standoff over European Central Bank help for Italy and Spain hardened. Monti, in an interview with Germany’s Der Spiegel magazine published yesterday, said that disagreements within the 17- nation euro area are detracting from the policy response to the debt crisis and undermining the future of the European Union. Spain and Italy, whose surging borrowing costs have shunted them to the heart of the turmoil in the euro area, are resisting pressure from ECB President Mario Draghi to formally request aid in return for strict conditions before the central bank will buy their bonds
Four Different Viewpoints on Employment; Reflections on Biased Reporting Posted by Michael Shedlock at 12:26 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.
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One Day in the Death of the Arctic While the lala crowd over at Tony’s has been going on about how its all right folks, the Arctic has been melting at an accelerating pace, and the melt has been pretty much all melt and little circulation. The ice is broken to pieces and floating out there ready for the hammer. Neven has a nice way of showing this by ratioing the sea ice area to the extent to the sea ice extent. 100% would be a compact ice mass with no little bits floating alone out there.