What we’re reading..

 

World headed for irreversible climate change in five years, IEA warns | Environment | The Guardian

Permanent EU Bailout Fund Said to Face Delay – Yahoo! Finance

FT Alphaville » While everyone is obsessed with sterilisation in Europe…

FT Alphaville » When Italian bonds trade in zero gravity

Italy is sinking into depression, and that’s before any act of default – Telegraph Blogs

UK is the world’s biggest country – judged by its liabilities – Telegraph Blogs

Is U.S. Upward Economic Mobility Impaired? – Brookings Institution

ITALY 10 – GERMANY 10 SPREAD (.ITAGER10:IND) Index Performance – Bloomberg