Opinionomics | 17 May 2012

Must-read comment and analysis. Bank jogging our way to Grexit. Yes, that's a real sentence.

1. Going, going, gone? (Economist | Free Exchange)

Ryan Avent writes on the Greek bank jog (like a bank run, but slower).

2. Boehner’s debt ceiling crisis would be so much worse than you think (Washington Post | Wonkblog)

Ezra Klein argues that if America does have another debt ceiling showdown, then everything will have already gone horribly wrong to get to that point

3. Watch deposit flight, not the eurocrats (BBC News)

Paul Mason presents another angle on the bank jog...

4. Plug-pulling in Athens (FT alphaville)

As does Joseph Cotterill. It's pretty important.

5. Does JP Morgan loss show regulators' great failure? (BBC News)

Robert Peston writes on Jamie Dimon and the London Whale

A closed branch of Eurobank in Athens. Photograph: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Tony Blair won't endorse the Labour leader - Jeremy Corbyn's fans are celebrating

The thrice-elected Prime Minister is no fan of the new Labour leader. 

Labour heavyweights usually support each other - at least in public. But the former Prime Minister Tony Blair couldn't bring himself to do so when asked on Sky News.

He dodged the question of whether the current Labour leader was the best person to lead the country, instead urging voters not to give Theresa May a "blank cheque". 

If this seems shocking, it's worth remembering that Corbyn refused to say whether he would pick "Trotskyism or Blairism" during the Labour leadership campaign. Corbyn was after all behind the Stop the War Coalition, which opposed Blair's decision to join the invasion of Iraq. 

For some Corbyn supporters, it seems that there couldn't be a greater boon than the thrice-elected PM witholding his endorsement in a critical general election. 

Julia Rampen is the digital news editor of the New Statesman (previously editor of The Staggers, The New Statesman's online rolling politics blog). She has also been deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines. 

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