G7 discusses Euro Zone Debt Crisis (BBC)
The G7 is due for emergency talks about the Euro Zone debt crisis on Tuesday. The main concern being whether or not be a fiscal union before issuing euro bonds with the hope to resolving the debt cost.
Greece 12 days before election (Economic Times)
Heroes or villains The new government will be facing the dilemma of sticking to the rules or to default. Whatever their choice may be, they should learn lessons from Argentina’s default experience.
Brent falls on demand worries (Reuters)
The headline is wrong, it should say “Brent continues falling and it will continue falling as a low demand for commodities increase pace”.
German industrial orders drop 1.9% in April (AFP)
Haven’t the Germans kept up with the news of a global slowdown, the new name for global recession? Maybe they are in slow motion “recovery” mode.
Reserve Bank of Australia cuts rate to 3.5pc (The
Australia is far away, and far behind in everything, even for the RBA to react to global issues. It may be the lack of broadband.