1. As European Austerity Ends, So Could the Euro (Bloomberg View)
The euro currency is a malady that condemns at least a generation of Greeks, Italians, Spaniards, Portuguese and Irish to the economic infirmary, writes Peter Boone and Simon Johnson
2. The pasty tax could pay for a £30 billion infrastructure programme: four charts show why history will judge us harshly (Not the Treasury View)
Jonathan Portes writes that a £30bn infrastructure programme would cost just £150m a year, thanks to historically low gilt yields: that is the revenue raised by the pasty tax.
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3. What history tells us about a potential Greek exit (Pragmatic Capitalism)
David Schawel asks what an exit from the euro would look like, and how it would be accomplished.
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4. The recession deniers have gone strangely quiet this month (The Independent)
We are in the slowest recovery for a century, with no end in sight, writes David Blanchflower
5. World edges closer to deflationary slump as money contracts in China (Telegraph)
Ambrose Evans-Pritchard argues that more and more signifiers point to depression hitting not just the developed world but the BRICS as well – and China could be the first to go.