El Niño development remains possible and other news and views for Wednesday 27 August
Little change in the tropical Pacific Ocean – “Despite tropical Pacific Ocean temperatures remaining at neutral levels, models suggest El Niño development remains possible during the coming months.” Regulation gets real for virtual currencies – “Both the EU and New York are looking to bring digital currencies under a full regulatory regime, but their approaches are rather different.” ( The Banker – registration required) France and the shadow of the euro – “The fear stalking the eurozone is of a jobless recovery; years of stagnation which will test social cohesion. What the French crisis has underlined is that the eurozone, despite all the claims of recovery, still has the potential to trouble governments, banks and the wider European economy.” A New Reason to Question the Official Unemployment Rate - “Americans are less willing to respond to surveys than they used to be. A new academic paper suggests that the unemployment rate appears to have become less accurate over the l