by Calculated Risk on 1/08/2011 10:46:00 PM

The next blowup in Europe seems to be getting closer ...

• From Reuters: Germany and France want Portugal to accept aid: report

And more on the banks ...

• From David Streitfeld at the NY Times: Facing Scrutiny, Banks Slow Pace of Foreclosures

Employment posts yesterday:
• Employment: The Declining Participation Rate
• Employment Summary and Part Time Workers, Unemployed over 26 Weeks
• December Employment Report: 103,000 Jobs, 9.4% Unemployment Rate
• Employment Graph Gallery