The next test of international confidence in the country will come early this summer. The state will need to raise more money in early June, when 766million of government debt comes up for renewal.
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The Economist has a cheery new nickname for the US: "the Unsteady States of America." In an editorial that accompanies a cover story on Detroit's bankruptcy, the editors argue that other cities and states will make a huge mistake if they dismiss this warning.
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Norway is the seventh-largest oil exporter, and the recent higher prices have caused a surge in the governments oil revenues. Norways central bank is predicted to sell an average of 727 million Norwegian kroner a day for the rest of the year, up from 350 million in May?