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Best of the Blogs: What European Leaders Could Learn From a Pop Song


Plus, YouTube may begin charging for subscriptions.

This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.

The Atlantic
Link: 'Call Me Maybe' Explains the Euro Crisis-Seriously

"Hey, she's a popstar, and this is crazy, but is Carly Rae Jepsen a euro crisis genius, maybe?


"I know, I know. The only thing more maddening than 'Call Me Maybe' is the euro crisis. One is a banal string of saccharine statements, punctuated by swift choruses of action. The other is a pop song. And neither will go away.

"But the lyrical stylings of Carly Rae Jepsen just might be a Rosetta Stone for the euro crisis. And you don't even have to play the record backwards to get the secret message."

Link: YouTube Is Exploring Paid Subscriptions

"Eager to define itself as a major entertainment player, YouTube is exploring charging subscriptions for cable content, the company's chief said on Thursday.

"Google (GOOG), which has already pledged $100 million to create a slew of premium video channels on YouTube is exploring the idea of charging subscriptions for cable network providers that are looking for syndication outside of traditional cable service operators."

Link: Monday Will Not Be The End Of The World, Sorry

"It was January 13, 2010 when I first wrote in my commentary that I thought Greece would go belly up. It was in May 2010 when they first needed to be bailed out. This small country with a giant debt of $1.3 trillion has engaged the markets ever since. Sunday the country votes and whoever wins I expect no massive explosion in the short term. The new Greek government will try to renegotiate the terms and conditions of their bailouts and we shall see just how far anyone is willing to go. It will be a game of chicken with Germany in the end and a solution perhaps will be found but no good one as Greece could not pay back their current debts if Hercules arrived to help; much less any new debts which will be required to keep the country afloat. Any "Big Bang," if it comes, will not come on Monday morning as that will just be the beginning of the process to scream and shout and dance around like some Opa bar with Ireland, Portugal and Spain demanding equal terms and, oh yes, Spain will be in the hand-out line soon enough along with their banks."

The Wall Street Journal: India Real Time
Link: India Braces for Eurozone Fallout

"Indian policymakers, like their counterparts around the world, are paying close attention to Greece's upcoming election this weekend, which is widely viewed as a referendum on the nation's austerity policies and could precipitate a euro exit, worsening the continent's crisis. "When we get up in the morning these days, the first thing we look at is what is happening in Europe," Mr. Basu said.

"India's economy has already taken a significant hit from Europe's problems, but things could potentially get worse."

The New York Times: DealBook
Link: Hong Kong Exchange to Buy London Metal Exchange for $2.1 Billion

"Hong Kong Exchanges and Clearing (HKXCY) agreed on Friday to buy the London Metal Exchange for £1.38 billion ($2.14 billion), as the Asian bourse outbid several American rivals for control of the 135-year-old London firm.

"The move by the Hong Kong exchange, one of the world's biggest financial bourses based on market capitalization, is another sign of the mounting importance of Asia in the world's commodities industry."

Financial Times: Alphaville
Linked: Opec compromised; Saudi Arabia becomes lone player

"The request was understandable. Saudi Arabia has for years fulfilled the ultimate swing producer role in the cartel, behaving as the key enforcer of Opec policy in lieu of others members' non-compliance.

"But there appears to be growing reluctance.

"Much of this could be down to the diminishing impact of Saudi cuts on the light-sweet oil price.

"As Olivier Jakob from Petromatrix observed on Friday, the world crude oil price is currently being determined by the US - a very significant change from the past few years. Thus it isn't so much Chinese demand that is setting the oil price or where crude flows, rather the impact of growing US supply."

Twitter: @ChrisWitrak
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