Daily: continued problems in Europe, earnings surprises, and Apple’s declining loyalty

Today's links have three major themes. They are the continuing economic and political problems in Europe, the impact of the global growth slowdown on earnings and the escalating mobile war between Apple and Android.
First on the European front, in Spain, Portugal and Greece the story is of austerity, debe deflation and depression given the numbers now coming out of each country. Germany is being pressed on the Greek bailout because it has become obvious that Greece needs a haircut as austerity alone will never see the country meet targets. Politically, this is a no-go in an election year as next year is in Germany. German Chancellor Merkel could see support from within her own governing coalition ranks crumble if she takes a pro-haircut approach. Moreover, the FDP junior partner is pollin...


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