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Wednesday, July 10

10th Jul - US Open: FOMC minutes, Ben ahead

Previously on MoreLiver’s:

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Roundups & Commentary
Frontrunning – ZH
Overnight: Will $105+ Crude Send The S&P To New All Time Highs – ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Midday Express (EU daily news) – Europa
Daily press summary – Open Europe
Morning MoneyBeat: Unpleasant Minutes for the Market – WSJ
Price Action Does not Mean the Euro has Bottomed – Marc to Market

Europe’s Zombie BanksProject Syndicate
Daniel Gros: Europe's banking sector is too large, has too little capital, and contains too many players that lack a viable long-term business model. It is the combination of the last two factors – an overabundance of banks with no sustainable way to turn a profit – that constitutes the most serious and most difficult problem.

Eurozone: Europe gears up for a final, toxic confrontationFT / Presseurop
Despite encouraging signs, there is no evidence that the crisis is fading, writes Tony Barber

The Coming Greek WriteoffWSJ
The EU will never get its money back.

Non-standard monetary policy measures: where do we stand?ECB
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the International Monetary Seminar “Sovereign Risk, Bank Risk and Central Banking” organised by the Banque de France,
Paris, 10 July 2013

Fact Book DenmarkDanske Bank (pdf)

Markets Were Right To Sell Euro On AsmussenWSJ

Finland: Industrial production still in recession despite a small monthly gainHandelsbanken

What to Look for in Fed MinutesWSJ

Another Fed Minutes Freakout?Bespoke

Growth Forecasts Fall as Inventories ShrinkWSJ

China exports: the mask is offbeyondbrics / FT

One very large divergence please (with a dollar chaser)alphaville / FT
According to Nomura, since 1980, there are only two periods of economic divergence — between the US and Europe and the UK — comparable to what we are observing currently.

Maamme on kriisissäHenri Myllyniemi / US Puheenvuoro

Euroon kuuluminen on kuin omistaisi valtavan kartanon palvelusväkineen ja ylläpitokuluineen – ilman ylläpidon vaatimia tulojatyhmyri