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Saturday, October 08, 2011

Friday Night Europe

by Calculated Risk on 10/08/2011 12:04:00 AM

A couple more stories on Europe ...

From the NY Times: Europe Seems to Agree on Recapitalizing Banks — but How?

European leaders are finally coming around to the view that banks must be compelled to replenish their capital reserves if the euro area is ever to emerge from the debt crisis. But whether the politicians can make it happen in a convincing manner is another question ... In the first signs of a split, France wants to draw on the European bailout fund, the European Financial Stability Facility, to rebuild bank capital. German leaders think national governments should take the lead.
And from the Financial Times: Investors turn bears on Germany and France
Investors are taking increasingly bearish bets on Germany and France ... The cost of protecting German government bonds against default surged to a fresh record this week.
excerpt with permission
The next few weeks should be very interesting in Europe.

Here are the earlier employment posts (with graphs):
September Employment Report: 103,000 Jobs, 9.1% Unemployment Rate
Employment Summary, Part Time Workers, and Unemployed over 26 Weeks
Duration of Unemployment, Unemployment by Education and Diffusion Indexes
Employment graph gallery