1 Should Germany bail out Club Med or leave the euro altogether? Ambrose Evans-Pritchard: Either Europe's paymaster agrees to underwrite a Greek bail-out, or the euro will start to unravel"
2 A Greek [Default/Bailout]: Flowcharting The Dominoes. Tyler Durden: "The EU will soon have to move away from empty rhetoric to decisive action; should it wait any longer, the market, just like in the Lehman bankruptcy, may very well take any optionality away from the Brussels bureaucrats"
3 Volcker Does Not Get It. Yves Smith: "His remedies would work for the industry circa 1990, but look anachronistic for the world we live in now"
4 “Populism”. Simon Johnson: "The fact that dramatic banking reforms would be popular does not make them populist. It merely means that a broad cross-section of our population has woken up to part of our appalling reality"