What was that again?

“If we don’t manage to put in reform, even a few small ones, the political chances of re-election will go down.So in the next six months, I’m actually pretty optimistic – actually, I would say very optimistic.”said Kaushik Basu, Chief Economic Advisor, Ministry of Finance

Linkfest:June 19, 2012

Some stuff I am reading today morning:

Fitch revises India outlook to negative (BusinessLine)

Why Subbarao told FinMin to take a walk (FirstPost)

Pressure for reforms mounts in India (WSJ)

Basu says crucial reforms coming soon (NYTimes)

Windfall for private refiners like Essar Oil, RIL (ET)

Bank stocks fall, could slip further (Mint)

Spanish bonds react badly to Greek election (Alphaville)

These 12 factors can cause the stock market to rally (BusinessInsider)

Ideas on the US Empire (DailyReckoning)