1. Feed me, Seymour (Economist)
The Economist covers the YPF seizure, writing that:
First they came for the pensions, then they went for the central-bank reserves. Argentines have wondered for years which kitty Cristina Fernández, the president, would grab next in order to satisfy her government’s voracious appetite for cash.
2. High youth unemployment must be tackled, and fast (Guardian)
Jonathan Portes points out that youth unemployment remains high, and is still growing. It hasn’t been this bad for a quarter of a century, but what is to be done?
3. IMF predicts modest growth as Europe starts to exit recession (Washington Post)
Howard Schneider reports on the good news from the IMF World Economic Outlook.
4. Economic update – April 2012: Coalition failures put Britain in the slow lane (Left Foot Forward)
Tony Dolphin presents his monthly overview of the economic situation.
5. Vodafone, C&WW, and a £5bn tax question (BBC News)
“A behind-the-scenes battle to acquire Cable & Wireless Worldwide, owner of one of the UK’s largest fibre-optic cable networks, is coming to a head,” writes Robert Peston. “What is striking about Cable & Wireless is that it pays very little tax thanks largely to massive capital allowances it generated in constructing its telecoms network. . . So there is an opportunity for both Tata Communications and Vodafone to reduce their UK bill for corporation tax by buying Cable & Wireless.”
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