Why Greece will default. Martin Feldstein, Project Syndicate. See also, Europe must integrate or disintegrate. Wolfgang Munchau, FT.
Only Nick Clegg can save Labour. Will Hutton, Guardian. Strange times.
Self-criticism at Goldman Sachs. Lucy Kellaway, FT. The firm's mortgage securities traders review their own performace, and are pretty impressed. (The documents Lucy refers to are here.)