Articles on the heart of the problem with the Euro-zone, a special report on the debt driven real estate frenzy in China, history repeating itself in the United States, and the sad decline of public space in Toronto a dying city.

Martin Wolf carefully delineates why Europe is on the edge looking over. Simply, the architects of the Eurozone thought that a balance of payments crisis was not possible in a currency union, and they were wrong. Greeks can’t and don’t want to move to Gemany.

Financial Times – First Aid is not A Cure
David Cameron,, the UK prime minister, has called on eurozone leaders to adopt a “big bazooka” approach to their woes.

Related. Show them the door.

voxed – How To Rescue the Eurozone
No simple solution to the euro crisis exists. This column argues the heart of the Eurozone’s woe is a balance-of-payments crisis whose solution requires real adjustment of prices and wages in the periphery countries.

Related.

Financial Times -- Business and the euro crisis: A turn for the worse
Corporate chiefs from across the continent reveal frustration with a fumbling political response to the sovereign debt woes, forebodings of a liquidity crunch and an outlook blighted by fears over a break-up of the single currency.

Looks a lot like the South West in the United States without the blue skies. Thanks to David of Victoria.

Pdf below – China’s Debt Pile Up

Let the protests continue in the tradition of Howard Zinn’s masterpiece The People’s History of the United States.

Politico -- Occupy Wall Street continues long tradition
Protests are usually messy, noisy and often confused.

The death of a zoo and a city. Public 'facilities' aren't supposed to make money.

Globe and Mail -- Spanish amusement park operator eyes Toronto zoo
One of the world’s largest amusement park operators is eyeing the Toronto Zoo for a potential takeover after council’s decision to sell or lease the money-losing facility.