As if there wasn't enough to worry about already, an increasing number of Western commentators are now muttering that the Chinese economy is about to collapse. 05 Jun 2010 The Spanish Inquisition used to burn Englishmen in Sevilla's Plaza de San Francisco when they had the chance. There must have been some nostalgia for this practice when the news hit that Fitch Ratings had stripped the country of its AAA status. 30 May 2010 Bank of Spain ordered lenders to face up to bad debts and set aside reserves of up to 30pc on property holdings to restore global confidence. 27 May 2010 Spain's parliament passes a €15bn austerity package by just one vote, leaving the Socialist government nakedly exposed to popular fury. 27 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 2010Liam Halligan
Liam Halligan's column tackles head on the key issues facing the British and global economy.
LATEST FROM LIAM HALLIGAN
Forget any would-be China crisis, its policies are too shrewd to fail
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.
LATEST FROM AMBROSE EVANS-PRITCHARD
Spain is trapped in a 'perverse spiral' as wage cuts deepen the crisis
Spain orders banks to come clean on debts
Europe facing strikes over austerity packages
America's money supply plunges at 1930s pace
Sunday, 6 June 2010
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