1. Latin America: A toxic trade (Finanical Times)
While many of the region’s economies are booming, the battle against illegal drugs cartels is placing severe strain on resources and institutions, write John Paul Rathbone and Adam Thomson
2. Summers and Rubin, remorseless deregulators (Reuters)
Felix Salmon writes about the “almost pathological” failure of the old masters of the universe to accept that deregulation might have gone too far.
3. Will the real employment minister please stand up? (Market Square)
Ian Mulheirn argues that the chancellor, not the employment minister, is the only person who can actually do anything about unemployment, arguing along the same lines as I did yesterday.
4. To Thrive, Euro Countries Must Cut Welfare State (Bloomberg View)
Fredrik Erixon argues in favour of massive austerity.
5. IMF telethon: $400bn for economies in need (Independent)
Christine Lagarde is hosting the biggest fundraiser of the year. The recipients will include eurozone nations, and the US won’t be giving anything, writes Stephen Foley