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From Forbes, John Tamny critiques Ramesh Ponnuru for supporting monetarism.

On NRO, Ponnuru responds.

At PJ Media, David Goldman opposes Germany’s bailout of Spain.

On The Kudlow Report, a panel discusses Greek’s future in the Eurozone:

Bank of France Governor Christian Noyer advocates a European financial union.

On Forbes, Ralph Benko highlights a plan to rein in Illinois’ public pension costs.

AFP reports the IMF finds the yuan is less undervalued.