Felix Salmon

Counterparties

EU governments are propping up their banks in unusual ways — WSJ (paywall)

Why China is the “Michael Jackson” economy — Streetwise Professor

Counterparties

To survive, Italy must drastically reduce wages — VoxEU

Warren Buffett’s already down $1.5 billion on his BofA investment — WSJ Deal Journal

Counterparties

“‘Comprehensive solution’ to the eurozone crisis is technically and politically beyond reach” — Fitch

Counterparties

Nouriel Roubini is (surprise!) not optimistic about the economy next year — Project Syndicate

Counterparties

A new way the Euro crisis could become an American one — Business Insider

The EU reaches agreement… that prunes are not laxatives — Telegraph

James Murdoch’s entire defense is now he “did not read the full e-mail chain.” — NYT

Counterparties

Turns out Italians work more hours than Germans, the Japanese, or Americans — Ritholtz

Counterparties

New rules may force Euro banks to borrow from their own governments — Bloomberg

Counterparties

Europe’s banks need to raise an extra $153 billion — Bloomberg

Warren Buffett is buying a $2 billion solar plant in California — Businessweek

Counterparties

In this Counterparties, almost every link will have something to do with Europe:

Citigroup reckons Europe’s headed for a six quarter recession — FT Alphaville