Sunday, 17 January 2010

Economics



The latest news, analysis and comment on the UK and global economy.


LATEST ECONOMICS NEWS

ECB prepares legal ground for euro rupture as Greek crisis escalates

Fears of a euro break-up have reached the point where the European Central Bank feels compelled to issue a legal analysis of what would happen if a country tried to leave monetary union.

17 Jan 2010

Banks 'will have to go to Mars' to escape super-tax

The office of the London Mayor, the Liberal Democrats, Labour MPs and the unions are not the most obvious of bedfellows. On Friday, though, the unlikely alliance joined in praise of the US bank "super-tax".

15 Jan 2010

UK banks may face Obama-style 'super-levy'

A permanent "super-levy" on UK-based banks that echoes the new US tax is being examined by the Treasury.

15 Jan 2010

Germany can't lead the eurozone out of trouble

The eurozone has a problem with its fragile Greco-Roman-Iberian-Irish periphery. The periphery has a problem with its solid German centre.

15 Jan 2010


IMF and Sweden to delay Iceland loans

Financial aid for Iceland looks set to be delayed by its failure to reach a £2.3bn compensation deal with Britain and the Netherlands over its collapsed Icesave accounts.

14 Jan 2010

This disaster began years before the credit crunch

Britain is in a financial mess because of a spending binge that stretches back to 2002, says Jeff Randall

14 Jan 2010

World at 'significant' risk of second financial crisis

There is now more than a one-in-five chance of another asset price bubble implosion costing the world more than £1 trillion, warns key report.

14 Jan 2010

Weak Greece struggles with strong euro

Greece's economic statistics are dubious in more than one sense. The country probably bent its figures to get into the eurozone. Now, the EU is angry that Greece has not been straightforward about the size of its fiscal deficit.

14 Jan 2010

Families will have £1,000 less income by 2013

We will have £1,130 less money in our pocket to spend in