News
Bloomberg | U.S. Fiscal Cliff Will Halt Stocks Rally, BankInvest Says
The global rally in stocks will fade as a U.S. budget dispute in Congress and November’s presidential election will stifle growth in the world’s biggest economy, according to Copenhagen-based BankInvest.
WSJ | Greek Readies Plan for Further Budget Cuts
Greece hopes to wrap up the details of a planned multibillion-euro package of spending cuts by Sunday, the country's finance minister said, as it scrambles to convince visiting inspectors that it deserves another installment of aid from its European and international creditors.
Bloomberg | Missed Chances Stoke Skepticism Over EU’s Crisis Fight
Mario Draghi sees reason to be ``optimistic” about the euro-area financial crisis now that he's committed the European Central Bank’s balance sheet to ending it.
Econ Comments & Analysis
Heritage Foundation | How Contagious Is Europe’s Economic Crisis?
Many countries in the eurozone are on the brink of financial insolvency. Large, global European banks could fail. The eurozone could break up. Any of these potential negative outcomes would be felt well beyond the borders of Europe.
Blogs
Daily Capitalist | Why Surpluses Evaporate (1998-2001)
This is from the Mercatus Center, adapted from an article by Charles Blahous in his e21 piece “How Did Federal Surpluses Become Huge Deficits?.
