Spain's economic woes deepen after Fitch downgrades its credit rating from AAA to AA+ in a move that could provoke panic in global stock markets. 28 May 2010 Prime Minister voices alarm at the level of inflation, issuing a veiled hint that the Bank of England should perhaps even raise interest rates. 28 May 2010 M3 money supply contracting at a rate matching the average decline from 1929 to 1933, despite near zero interest rates and fiscal blitz. 26 May 2010 US Treasury Secretary calls on leaders to implement their €750bn (£635bn) rescue plan to shore up the euro and calm global markets. 26 May 2010 The Bank of England should start raising interest rates this year to keep rising inflation in check. 26 May 2010 Silvio Berlusconi, the Italian prime minister, risks strikes with plans €24bn (20.5bn) of deficit-reducing cuts targeted at public workers and local government. 26 May 2010 Mortgage lending rose at its slowest rate for nine years during April as housing market activity remained subdued, figures showed today. 26 May 2010Fitch downgrades Spain's credit rating
Cameron hints at interest rate rise to combat inflation
America's money supply plunges at 1930s pace
Tim Geithner: 'Europe must react quickly and with force'
BoE must raise rates this year, OECD warns
Italy joins eurozone austerity club with €24bn of cuts
UK mortgage lending rises at slowest rate in nine years
Sunday, 30 May 2010
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