Reminder: the New York event is tonight at Book Culture, West 112th Street between Broadway and Amsterdam at 7:00 PM. Hope to see you there!
In a Job Market Realignment, Some Left Behind New York Times
Neville Chamberlain Lives—In Euroland Michael Hirsh, Newsweek. Clever and insightful
EU imposes wage cuts on Spanish ‘Protectorate’, calls for budget primacy over sovereign parliaments Ambrose Evans-Pritchard, Telegraph
Sarkozy, the new king of Europe Berliner Zeitung (hat tip reader Swedish Lex)
Merkel insists treaty changes are essential Irish Times. Swedish Lex tells us this process, though necessary, will take 2-4 years.
Was the euro saved by a call from Barack Obama? Independent. Obama was the moving force behind the rescue….and argued based on what he did in early 2009…In other words, he was holding up extend, pretend, and giving the banksters what they want as a model of success. Lordie.
Ex-Glitnir investor faces $2bn action Financial Times. This is textbook looting.
Household Debt Around the World Paul Kedrosky
Beijing’s stop-and-go measures Michael Pettis
Antidote du jour: