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Thursday, January 12, 2012

Budget

News                                                                                                                             
CNN Money | Germany and Italy sound upbeat on debt crisis
The leaders of Germany and Italy sought to present a united front Wednesday in the fight to resolve the eurozone debt crisis and revive the ailing European economy.
NY Times | Budget Cuts Hamper the I.R.S. in Efforts to Collect Billions in Taxes, Report Says
An expanding workload and cuts in funds have left the Internal Revenue Service unable to adequately perform either of its primary duties — collecting taxes and providing the public with reasonable service, according to a report released Wednesday by the I.R.S.’s internal monitor.
WSJ | A New Generation Tackles the Euro Crisis
European Central Bank President Mario Draghi will convene the ECB's first meeting of 2012 on Thursday, and lead a debate on monetary policy and the euro zone's debt crisis with a group of colleagues young enough to be his sons.

Econ Comments & Analysis                                                                                            
Heritage Foundation | Sovereign Debt Crisis Threatens Europe's Economic Freedom
Iceland, Great Britain gain; Greece falls most in world.