Australia
Stop taking growth for granted, says RBA’s Glenn Stevens (Fairfax)
Loans for Gina Rinehart’s Roy Hill iron ore mine (Fairfax)
Tony Abbott says paid parental leave may face changes to get passed by Senate (ABC)
Aussie Broken Link With U.S. Yield Spells Drop: Australia Credit (Bloomberg)
Europe
Euro ministers agree backstop measures for failing banks (Irish Times)
A messy banking union (BBC)
BOE Says Further Pound Appreciation May Threaten Recovery (Bloomberg)
Sterling to go plastic, Bank of England decides (Guardian)
Belarus nears its first ever international IPO (BNE)
Can we move beyond the Maastricht orthodoxy? (Voxeu)
Italy’s president fears violent insurrection in 2014 but offers no remedy (Telegraph)
Against the tide: The eurozone’s nexus of debt (Euromoney)
Greece leaving the euro could be the spring surprise (MarketWatch)
Asia
Japan Posts Biggest November Trade Deficit as Imports Climb (Bloomberg)
Why Abenomics is bound to disappoint Japan (Irish Times)
Hong Kong’s Growing Unease With The Mainland (Economy Watch)
Home prices continue rising despite cooling measures (Global Times)
What took China ahead of India and what keeps it ahead (Business Today)
Yen to decline by ‘whatever it takes’ to awaken Japan (MarketWatch)
North America
U.S. budget deal clears crucial vote in Senate (Reuters)
The Puzzle of the Fed’s Tools (Bloomberg)
Top 5 States With The Most Underwater Mortgages (IB Times)
Fed Said to Delay Bank Leverage Cap Until Basel Completed (Bloomberg)
U.S. Housing Starts Jump to Highest Level in Five Years (Bloomberg)
Sundries
Rich countries failing to address money laundering and tax evasion, says OECD (Guardian)
Rio Tinto CEO Sees Iron-Ore Price Decline Next Year (Bloomberg)
Law school enrollment is collapsing (Quartz)
Dutch Senate Approves Coalition Agreement on Housing Bill (Bloomberg)
The Miracle of Profit-Sharing: Year 65 and Still No Layoffs (PBS…a great story)
Hollowing out and the future of the labour market – the myth (Voxeu)