Portugal is to impose fresh austerity measures to cut the budget deficit and regain the confidence of bond markets. 13 May 2010 Spain imposes 1930s-era cuts to slash deficit in exchange for €720bn `shock and awe’ rescue for eurozone debtors. 12 May 2010 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 Debt costs surged across the eurozone periphery after the European Central Bank ruled out using "nuclear option" to stabilise the bond markets. 06 May 2010 The euro fell sharply and world markets continued to slide after the ECB failed to calm Greece contagion fears. 06 May 2010 The euro continued to weaken and bond investors remained nervous of ahead of a crucial European Central Bank meeting and a "crossroads" summit of eurozone leaders. 06 May 2010 Europe's debt markets are flashing danger signals after spreads on Iberian debt reached the highest level since the launch of the euro. 05 May 2010 Fleeting relief over the EU-IMF bail-out for Greece has given way rapidly to a fresh bout of investor panic across southern Europe. 04 May 2010 We now know the answer to Henry Kissinger's question: "Who do I call if I want to call Europe?" Only one person matters. The Chancellor of Germany. 02 May 2010 German leaders agree in principle to a rescue package of up to €135bn for Greece but fail to offer clarity on conditions. 28 Apr 2010 ECB may have to invoke emergency powers to halt disintegration of southern European bond markets after Greece, Portugal downgrades. 27 Apr 2010Ambrose 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.
LATEST FROM AMBROSE EVANS-PRITCHARD
Portugal takes its punishment with fresh taxes
EU imposes wage cuts on Spanish 'Protectorate'
ECB risks reputation, German backlash over rescue
Ambrose Evans-Pritchard: Europe's nuclear rescue of the euro
ECB paralysis rattles markets as debt costs hit new highs
Euro, markets hit after ECB fails to ease Greece fears
Euro weakens as investors shun Greece debt
Merkel plea to save Europe as contagion hits Iberia
Euro plunges as Club Med debt fears spread
Monetary union has delivered a 'German Europe' after all
EMU domino fears as Spain downgraded
Europe may have to turn to 'nuclear option' on debt
Sunday, 16 May 2010
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