EMU GDP growth – contraction bites
EMU Q2 GDP contracted by 0.2% qoq. France avoided a fall in output and Germany grew at a solid pace, but Italy and Spain are still in the doldrums.
Euro-area banks exiting the US
Since the outbreak of the financial crisis in 2007, Europe’s banks have been gradually retreating from the US market.
Financial Predators v. Labor, Industry and Democracy
Europe’s sovereign debt crisis in historical perspective.
ECB – Deflating exaggerated expectations
Even if the ECB joins forces with the EFSF/ESM in buying government bonds its mandate, with price stability as the primary objective, will ultimately put a lid on the size of its interventions.
Promises, Promises
Draghi and Bernanke know that markets need to be talked up, and they continue to do so unapologetically.
77.9 per cent of Spanish voters have little or no confidence in Rajoy: poll
CIS poll confirms PM’s rapidly deteriorating popularity.
I think you can consider Spain shut out of the debt markets
I wouldn’t trust anything now until they have a program in place with the ECB.
The Scarlett O’Hara Approach To Solving The Eurozone Crisis
It is highly likely that the Germans’ resolve against money printing will dissolve in the face of panic.
China decelerating, EU banking union, and financial disintegration in Europe
DB Research comments on China, the EU’s banking union and the outlook for Europe’s financial system.
The Weaponization of Economic Theory
Europe’s three needs: a debt write-down, a real central bank, and a more efficient tax system.
Germany Loses to Italy, Again
Last week’s agreement should not be seen as anything less than a victory for the printing press.
Javier: 
