Welcome to ThinkProgress Economy’s morning link roundup. This is what we’re reading. Have you seen any interesting news? Let us know in the comments section. You can also follow ThinkProgress Economy on Twitter.
- The White House yesterday said that JP Morgan’s $2 billion trading loss shows the need for tough financial regulations. [Los Angeles Times]
- JP Morgan executives ignored warnings about increased risk before the bank suffered its huge loss. [New York Times]
- Growth in the Eurozone was flat last quarter, helping the region narrowly avoid a technical recession. [Reuters]
- European finance ministers are warning Greece against reneging on the terms of its austerity package. [Associated Press]
- A federal judge yesterday struck down a National Labor Relations Board rule that sped up the process for union elections. [The Hill]
- The New York City Council today plans to vote on a measure requiring banks to disclose their efforts to be socially responsible before receiving deposits from the city. [New York Times]
- Facebook has raised the price of its initial public offering in response to strong demand. [Reuters]