Central bank risks irreparable damage to its reputation by agreeing bond purchase in defiance of the Bundesbank. 11 May 2010 Europe's leaders appear poised to begin creating a EU debt union and authorize the European Central Bank to stabilize eurozone bond markets. 09 May 2010 Head of French financial watchdog hits out over Britain's refusal to contribute to €500bn eurozone rescue, as Morgan Stanley tells investors to sell sterling. British factory production rose more than five times as fast as expected in March as the weak pound stoked exports. Sterling in the cross-hairs as Labour and Liberal Democrats start officials talks.Ambrose Evans-Pritchard
Ambrose Evans-Pritchard has covered world politics and economics for a quarter century, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels. He is now International Business Editor in London.
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