Felix Salmon

Mario unveils a new austerity budget to rescue the princess save Italy’s credit rating — NYT

But Stiglitz argues that cutbacks aren’t what the euro zone needs — Project Syndicate

And despite Merkozy’s deal, S&P could downgrade 15 euro nations — Bloomberg

Look what’s driving public debt in the major European economies — Touchstone

The worldwide decline of “safe” assets — FT Alphaville

Goldman: home prices will drop another 2.5% before bottoming out — FT Alphaville

Bank deposits are up, but it’s “hot money” — WSJ

The Connecticut town where one-third of the population is over 60 — NYT

And Google and Facebook might already receive half of global digital ad spending — AllThingsD