Recommended links & Photo of the Week

Coming soon to a Eurozone bank near you?

1. Beware of falling masonry (Economist) Good tactical overview of the eurozone crisis and some of the options being considered. See also 'Banks Build Contingency for Breakup of the Euro' (NYT)

2. Latvian bank Krajbanka set to be wound up (AFP) Above bank run image is of Krajbanka.

3. The Rise and Fall of Bitcoin (Wired) Contrary to the title I don't think this is the last we've heard of Bitcoin, or other virtual currencies, but an interesting and informative read nonetheless.

4. Prepare for riots in euro collapse, UK Foreign Office warns (Telegraph)

5. Why Not Break-Up Citigroup? (Simon Johnson) Citibank has blown-up and required a bailout three times in the last three decades, or once on average every ten years.

6. How could Reebok sell trainers for $1? (BBC) Contrary to popular believe it's not all glum news here at TPC. I was able to see the remarkable Nobel Peace Prize winner Professor Muhammad Yunus speak this week (video below). His bank, Grameen, is doing amazing things and gets a BHAG nod.

7. MF’s Missing Money Makes You Wonder About Goldman (Jonathan Weil)