Spain's Vicious Circle of Risky Bond Sales - NYTimes.com
Madrid Leans on Its Troubled Banks to Buy Its Bonds
'Domestic investors, including banks, pension funds and insurance companies, own 67 percent of Spain's bonds.'
{
http://nyti.ms/LUAJwg} Ex-PBOC Economist Sees 'Aggressive' Monetary Easing On Slowdown
China may cut benchmark
interest rates up to two more times this year as part of "aggressive" easing to counter the nation's slowdown
{
http://bloom.bg/LUBaGT} Germany, Not Greece, Should Exit the Euro
All the debate about the pros and cons of a Greek exit from the euro area is missing the point: A German exit might be better for all concerned.
{
http://bloom.bg/LUBju9} The World from BerlinSpain Bailout 'Won't Buoy Sentiment for Long'
he hastily arranged bailout of Spain's banks on the weekend won't calm financial markets for long, write German commentators on Monday. The move exposed shortcomings in Europe's crisis-management system and is already being overshadowed by the make-or-break election in Greece next week, they say.
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http://bit.ly/LUBvJL}
A Sneak Peek at Tomorrow's Europe
European leaders have long insisted they will do everything to save the euro. Now, a plan is forming that would dramatically change the architecture of the European Union. Brussels would be granted a significant say in national budgets and debt would be communalized. But the hurdles such a plan might face are high.
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