Saturday, August 30, 2014

Saturday roundup (08-30-14)

Eurozone anxiety overshadows EU summit (The BBC)

Eurozone fears of stagnation grow as France and Italy suffer: A stubborn lack of growth, rather than collapse, is now the enemy. But agreement is elusive (The Observer)

Greece looks to debt relief in EU-IMF talks (Agence France Presse)

Why Italy’s stagnation could be the future for the entire eurozone: Monetary reform alone can’t kickstart the European economy. It needs something more radical (The Guardian)

This pope means business: The wildly popular Francis is more than a pontiff of the people. He’s an elite manager who’s reforming the Vatican’s troubled finances. (Fortune)

Brazil's economy falls into recession, latest figures show (The BBC) ["'It's another headwind for Argentina, at exactly the wrong time,' said Neil Shearing, chief emerging markets economist at Capital Economics."] (The Associated Press)

[In the United States,] Unofficial Problem Bank list declines to 439 Institutions (Calculated Risk blog)

     The aim of this blog is to show (mostly from reports in mainstream respected news sources) that there is reason to believe that both the United States and the global economies remain fragile in the wake of the financial crisis of 2008 and that a number of threats exist today that could, if they worsened, bring about economic depression -- not just a minor depression, but a depression worse than the Great Depression. Key threats include excessive risk-taking by financial firms, unchecked by effective regulation; the continued existence of "too big to fail" institutions; and most especially, the amassing of levels of public and private debt which could become unsustainable.

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