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- A Game of Chicken - Paul Krugman (긴축재정 압박을 가하는 유럽중앙은행과 그리스의 갈등) European Central Bank announced that it would no longer accept Greek government debt as collateral for loans This move, it turns out, was more symbolic than substantive.
- [IHT] China Faces Delicate Task of Reining in Bank Lending Some worry state-led lending in China will lead to more bad loans and mounting government debt. fueled by aggressive, state-directed lending that could eventually result in a soaring number of bad loans