UK faces bigger financial black hole The UK’s structural deficit has increased by almost £30 billion, meaning the imposition of further years of austerity. Click here for the full storyMoody’s signals possible cut for Europe banks Moody’s says it is considering downgrades for banks in 15 Eurozone countries to reflect the loss of government support.Click here for the full storyEuropean nations pressure own banks for loans European nations struggling to find buyers for bonds are pressuring their own already-stressed banks to act as lenders of last resort.Click here for the full storyCorzine pushed Europe bet to $11.5 Billion as board balked Corzine used short-term hedges to allow him to report half the actual net risk to shareholders. Click here for the full storyJapan unemployment rate exceeds all estimates Japan’s unemployment rate has surged beyond all predictions, adding pressure on the central bank to expand stimulus.Click here for the full storyGermany told to act to save Europe Polish foreign minister Radek Sikorski calls for drastic action to prevent the collapse of the Euro.Click here for the full story
