July 21st Extra Late

EUROCRISIS

European Summit Statement Approved – Calculated Risk

EU Sets 160B Euro Plan to Stem Greek Crisis – Bloomberg

Euro Leaders May Avoid Swaps Trigger as They Weigh Default  – Bloomberg

Greece to default as EU agrees €109bn bailout – The Telegraph

Euro Rises to Two-Week High Versus Dollar as Greece’s Bailout Terms Ease – Bloomberg

Euro Zone Reaches Deal on Greek Debt - WSJ

Remorseless logic takes Europe closer to fiscal union, but this crisis is far from over – The Telegraph

Eurozone debt crisis summit: as it happened – The Telegraph

Europe: one step closer to a fiscal union? – Pragmatic Capitalism

Deal announced “for Greece and Greece only” [updated] - FT

Europe's Travails and Our Collective Fate – Stiglitz opinion on NYT

Krugman does not get the eurozone rescue plan

1937! 1937! 1937! – NYT

Shiller less than impressed with Reinhart and Rogoff's warning that "when government debt exceeds 90% of GDP, countries suffer slower growth"

Debt and Delusion – Shiller via Project Syndicate

The Sovereign Debt Crisis and Currency Sovereignty – Credit Writedowns

GENERAL

Exclusive: Paulson says bets were too aggressive – Reuters

Is Bank of America at Risk of a Death Spiral? – Economonitor

Scary Chart of the Day II: Turkey’s Vulnerable(?) Bank(s) – EconoMonitor

Stocks With High Exposure to the China Boom – Seeking Alpha

Full slides from the April 29^th meet

Strategic Investment Conference: Part 1- Gary Shilling – Zero Hedge

Long, serious authors, lots of references. About to go behind paywall, so if interested copy now.

subprime mortgage crisis – Foote & Willen

DIVERSION

Very funny, and because it is true, sad.

Financial Crisis: Final Essay Exam – The Big Picture

Alex Cartoon on Greece - The Telegraph

(video) The Euro Crisis Song – The Big Picture

Tom Wolfe on Marshall McLuhan for His 100th Would-Be Birthday – Brain Pickings