May 13, 2013
Cameron Faces Cabinet Crisis of His Own Making; Purposely Self-Inflicted Wounds
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Hard hitting global and local news
Hard hitting global and local news
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More here: German Finance Minister Throws Cold Water on Single Bank Resolution Agency; For How Long?
See the article here: Expect a Spike in Long-Term Japanese Interest Rates; Currency Crisis Just Around the Corner
Here are some interesting charts by Deepak Shenoy on the India Housing Bubble .
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Please consider the inane "Action Plan" for Eurozone Straggler Slovenia . The new government of struggling eurozone member Slovenia is expected to announce Thursday an action plan aimed at avoiding a bailout, reportedly including privatisations, "crisis" taxes and austerity cuts. Moody’s last week cut its rating on Slovenia two notches to "junk", the economy has been in recession since 2011, unemployment stands at 13.5 percent and voters are fed up with their political leaders
See the original article here: ECB Ponders Buying Toxic Debt of the Periphery; Don’t Worry, It Will Be "Fiscally Neutral"…
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The spotlight is once again on Slovenia. Olli Rehn, the European commission’s economic chief is unhappy with economic progress in Slovenia and is threatening to put the country into an “excessive imbalances procedure” by the end of the month.
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