Terrific article by Mark Mazower here.
This Munich speech by Mario Draghi is interesting – here.
There is a short article in today’s Financial Times reporting that the forecast for mergers and acquisitions activity in Ireland in 2013 looks strong. It is tied to a report from the law firm William Fry. High M&A activity is statistically a strongly pro-cyclical variate (but I believe normally more of a lagging indicator rather than a leading indicator).