India central bank says will defend ailing rupee

We are told that eurozone finance ministers meeting on Monday night in Brussels are keen to put the crisis in the single currency behind them. Well, maybe. But you could argue that they shouldn't put it too far behind them. Why? Because across the eurozone, governments are pinning their recovery hopes on a weak euro. And in 2011, most analysts are expecting the euro to go up.

Via email, Michael Pettis at China Financial Markets makes a compelling case why Spain is destined to leave the euro. For ease in reading, I added the subtitles in bold.

India's government is weighing capital controls with the rupee on the rise amid fears of "hot money" flowing into the country as investors pile back into Indian assets.Unlike fellow emerging market giant China, India allows its currency to float freely and the central bank has warned of the dangers of "sharp and volatile" exchange rate movements that could hurt India's economy.

Government vows to tackle d

By Guraaf:The U.S. stock markets recovered reasonably well in the last four years after the start of mortgage crisis in 2008. However, the last year has been shaky due to continued European sovereign debt crisis and fears that further growth in Chinese economy may slowdown.