Weekly Econoreadings

Europe is main headlines this week. The situation in Greece starts to become evident… but we have get used to it, don’t we?

http://globaleconomicanalysis.blogspot.com/2011/05/bailing-out-ecb-hidden-cost-of-saving.html

http://globaleconomicanalysis.blogspot.com/2011/05/former-ecb-chief-economist-says-greece.html

http://globaleconomicanalysis.blogspot.com/2011/05/ecb-board-member-says-greece-can-raise.html

http://www.zerohedge.com/article/europe-goes-worse-horrible-ireland-broker-expected-greece-mulls-splitting-good-and-bad-greec

What about UK?

http://globaleconomicanalysis.blogspot.com/2011/05/chinese-rating-agency-downgrades-uk.html

And some news from USA

http://www.zerohedge.com/article/welcome-recoveryless-recovery-gdp-second-revision-18-expectations-22-initial-claims-surge-42

http://www.zerohedge.com/article/we%E2%80%99ve-just-breached-debt-ceiling%E2%80%A6-next-comes-default

http://www.zerohedge.com/article/advance-peek-ism-number

http://pragcap.com/10-banks-which-pose-the-greatest-systemic