Euroland links

Morsels of discomfort:

http://www.spiegel.de/international/europe/0,1518,827797,00.html
Bitter medicine

http://blogs.telegraph.co.uk/finance/matspersson/100016251/why-you-cant-inflate-away-the-eurozones-troubles/

http://www.telegraph.co.uk/finance/economics/9209957/IMF-spells-out-the-risks-to-recovery.html

http://www.telegraph.co.uk/finance/financialcrisis/9210015/Italian-PM-Mario-Monti-to-cut-economic-growth-forecasts-for-2012.html

&

http://www.telegraph.co.uk/finance/financialcrisis/9211656/Italy-slashes-growth-forecast-to-miss-deficit-target.html

http://www.telegraph.co.uk/finance/financialcrisis/9211522/Spanish-banks-bad-loans-rise-to-highest-level-since-1994.html

See also:

http://www.spiegel.de/international/europe/0,1518,828249,00.html  for an interesting development.

http://www.telegraph.co.uk/finance/financialcrisis/9211744/IMF-fears-3.8-trillion-forced-asset-sale-by-eurozone-banks.html