EDITOR'S PICKS

In this week's essential reading guide Kohler finds Australia sandwiched between a mining boom and an economic crisis, Maley explains the 'Grexit' and Bartholomuesz and Gottliebsen debate the impact Greece's drama will have on Australia.

Goldilocks and the three shocks
Alan Kohler
The simultaneous occurrence of a mining boom, eurozone crisis and a digital shift is massively disruptive and beyond the government's ability to influence. But with any luck, some of the effects might balance each other out.

Why Australia won't catch the Greek disease
Stephen Bartholomeusz
Australia has more scope to respond to a new financial crisis through easing fiscal and monetary policy than any other developed economy, and with well-capitalised banks and hindsight from the GFC, a repeat of 2008/09 is unlikely.

Australians are catching the Greek disease
Robert Gottliebsen
In the midst of the Greek crisis there is a global consumer nervousness sweeping the western world, and Australia is not immune. Politicians and business owners must adapt to the new environment.

Whinging CEOs equal terrible returns
Robert Gottliebsen
Many Australian chief executives are moaning about business pressures and expecting Canberra to fix their problems. That won't happen. Instead, they must find a way to adapt, as electronics manufacturer Codan has done.

Banks won't break their sweet addiction
Alan Kohler
Most banks are addicted to their gambling income, but every now and then someone blows up. This time it was JP Morgan, but don't bet on this to trigger a prop trading ban – not even the GFC could do that.

Forget the economy, there's blood in the water
Alister Drysdale
The disconnect between economic and social reality and raw politics is likely to continue as the inevitable shenanigans of politicians are captured in brighter lights than ever before.

Much ado about Facebook?
Stephen Bartholomeusz
The build up to the Facebook float is reaching near-hysterical levels, but huge question marks remain over the company's revenue model.

Europe prepares for a 'Grexit'
Karen Maley
Regarding a Greek exit, some parts of the European financial world now seem to have moved into the final of the five stages of grief – acceptance. And they have begun to make plans.

Why the devil invented Facebook
Rob Burgess
Social media may topple tyrants but in educated and prosperous nations like Australia it can prevent bold policy. It's time pollies switched off their smartphones and iPads and developed some ideas of their own.

Can we turn the tide of vitriol in Canberra?
Rob Burgess
Australia's national politics has moved from the noble to ignoble in just a few short years. Stuck in a rut of sleaze and abuse, hopes of ending the farce with a cleansing election seem a little simplistic.

Why and how Greece must exit the euro
Peter Morici
To find a way out of its political and economic mire, Greece must abandon the euro – and there is a way to manage this move appropriately.

TECHNOLOGY SPECTATOR: Turnbull's tired NBN raid
Supratim Adhikari
Malcolm Turnbull's latest NBN attack should send a chill down the spines of those hoping that behind the political bluster the Opposition is truly committed to a long-term broadband vision.

Blame the middle class, not the Greek
Paul Wallbank
The real similarity between Greece and Australia is not productivity, nor an overvalued currency, but the culture of entitlement both nations have developed.

CLIMATE SPECTATOR: King coal dethroned
Peter Newman & Ray Wills
It will take a while for the global power system to phase out old power stations and be dominated by renewables, but the transition away from coal is proceeding much faster than imagined.

PRODUCTIVITY SPECTATOR: Beating Chinese competition
Jackson Hewett
When electronics manufacturer Codan found the Chinese were copying its top selling product, it bypassed the courts and instead relied on a superior manufacturing process.

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