1. German Unions Seeking Higher Pay Could Save the Euro (Bloomberg View)
Simon Johnson points out that the intra-Europe rebalancing that many agree must occur for normality to resume could be greatly aided by unions – normally the scourge of neoclassical economic models.
2. Wasting Our Minds (New York Times)
Paul Krugman writes on the terrible wasted potential that results from things liek high youth unemployment.
3. The impact of fiscal austerity in the eurozone (Financial Times)
Martin Wolf repeats Krugman’s examination from last week, and reaches the same conclusion: austerity is negatively correlated with growth.
4. Recovery ahoy? (Market Square)
Ian Mulheirn gives his two pence on the double-dip.
David Blanchflower assesses the coalition’s job creation claims.