Friday Morning Links

MUST READS
The euro crisis: Less disunion - Economist
Europe summit surprises with bold moves - AP
Eurozone agrees on bank recapitalisation - BBC
European leaders agree to use bailout fund to help banks - Washington Post
Germany caves after Italy and Spain threaten to block ‘everything’ - Telegraph
Juncker Says Euro Leaders Keep All Options Open to Calm Markets - Bloomberg
Big Four banks admit to mis-selling interest rate swaps - Telegraph
Roberts Chooses Restraint Over History on Obamacare - Bloomberg
Financial ‘Armageddon’ Will Happen Despite EU Deal: Rogers - CNBC
Welcome to the Currency War: Massive Euro Devaluation - Dollar Collapse
A Huge Break in the LIBOR Banking Investigation - Taibblog
Fed official floats stress tests of money funds - Reuters

MARKETS / INVESTING
Oil jumps to above $80 after EU deal on banks - AP
Gold rallies 2 pct as EU summit boosts confidence - Reuters
World stocks, euro surge after surprise EU summit deal - Channel News Asia
SEC Chair Mary L. Schapiro Says Americans Losing Faith in Markets - HuffPost
Brent Crude at $100 ‘Favorable,’ Says Iraq’s Shahristani - CNBC
A ‘Lehman moment’ will ensure gold and silver will soar again - Mineweb
India Central bank likely to impose curbs on gold coin sale - Business Standard
Gold may witness worst quarter in April-June in last 8 years - Commodity Online
Gold traders, investors and hoped for QE - Mineweb
Has a major bear market in gold begun? - MarketWatch

ECONOMY / WORLD / HOUSING / BANKING
Inflation lobby is about to win the argument - Marketwatch
How much deflation before we get to the hyperinflation? - Arabian Money
Our Fiat Dollar Has Cost the United States $80 Trillion - Forbes
China Q2 economic growth may hit 7.6% - China Daily
Japan’s Industrial Output Falls Most Since 2011 Quake - Bloomberg
China eyes yuan convertibility as it sets up trial zone - BBC
Improvement in annual rates of change in home prices - S&P Housing Views
Fed’s Fisher Says Housing Market Has `Bottomed Out’ - Bloomberg
Lockhart: may need more Fed action if economy weakens - Reuters
Draghi May Enter Twilight Zone Where Fed Fears to Tread - Bloomberg
A Fed fail and a euro ‘fix’ - Fleckenstein, MSN Money
The Fed Shirks Its Duties - Econbrowser