Global Economy

• European Default-Risk Index at Fresh High
  The cost of insuring against the risk of default by Greece, Portugal and Spain grew ahead of a key meeting of European heads of state later this week. […]
• Fed to Outline 'Exit Strategy'
  The Fed's Bernanke will begin this week to lay out a credit-tightening blueprint to be used when the central bank decides the economy has recovered sufficiently. […]
• Canada Fears Housing Bubble
  As the U.S. struggles to get out of its housing slump, its neighbor to the north faces a different challenge: Canada's housing recovery has been so rapid that some here are worrying about a bubble. […]