The euro zone continues to dominate the headlines, with both Spain and Greece on the verge of collapse. Ireland, however, has voted in a referendum today to decide whether it accepts the fiscal treaty that Germany has been pushing for in order to create a 'fiscal union'. David McWilliams, the Irish economist, has a piece out today urging his fellow citizens to vote no because he believes the fiscal pact will only make things worse. No real news in Italy or Portugal but a lot of good links. I expect a big crisis policy move in the next days, probably a bank recap but it's not a sure thing.
BBC News - US economic growth slower than thought in first quarter
Cash-Rich Japanese Firms Go on Global Buying Spree - WSJ.com
A Look at Case-Shiller by Metro Area - Re...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.