Economy:
Cash has been piling up on companies’ balance-sheets since before the crisis – Economist
European economy guide: Polarised prospects – Economist
Euro zone slips into second recession since 2009 – Reuters
Twinkie maker Hostess reaches the end of the line – Seattle PI
Markets:
Learning to Love Volatility – Wall Street Journal
Wenzhou property ‘crash’ may spread – People’s Daily Online
Speculators Find Loopholes in French Transaction Tax – Bloomberg
Politics:
German central bank chief: Greece will eventually need debt haircut, after cuts and reforms – Washington Post
Prison of Debt Paralyzes West – Der Spiegel
Why Washington Has It Wrong on Small Business – Wall Street Journal
Banks:
2 Banks to Settle Case for $417 Million – New York Times
Federal Reserve releases scenarios for bank stress tests – Reuters
