Links: 2013-01-25

Italy's Monte Paschi faces shareholder fury as scandal widens | Reuters
"Enraged shareholders of Monte Paschi bank lashed out at its management on Friday as questions grew about central bank oversight of the historic lender following the uncovering of nearly $1 billion of losses in complex derivatives deals."
Osborne's economic strategy has failed | Larry Elliott | Business | guardian.co.uk
"The strategy has failed. The public knows it. The International Monetary Fund knows it. The credit rating agencies know it. Even George Osborne knows it, although he can't bring himself to admit as much."
UK heading for triple-dip recession as GDP shrinks 0.3% in fourth quarter | Business | guardian.co.uk
The triple dip recession talk in the UK underpins how nonsensical the 2-quarter GDP shorthand is i...


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