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
Fed's volte face sends the dollar tumbling
Rarely before have a few coded words in the minutes of the US Federal Reserve caused such an upheaval in the global currency system.
15 Jul 2010
Spain 'relying on short-term funding' as councils go bust
A third of Spain's city councils are in dire straits and may be forced to suspend payments by the end of the year, replicating the woes in the US.
13 Jul 2010
Chinese rating agency strips West of AAA status
China's leading credit rating agency has stripped the US, UK, Germany and France of their AAA ratings, accusing Anglo-Saxon rivals of ideological bias.
12 Jul 2010
Deutschland über alles does not mean a trickledown recovery in EMU
Germany is sizzling, for now. Manufacturing output grew at an annual rate of 26pc from March to May. Mercedes, BMW, and Audi are ramping up overtime. Economic growth in the second quarter may top 5.2pc.
11 Jul 2010
IMF tells Europe to inject more stimulus to offset cuts
International Monetary Fund calls on ECB for fresh emergency action to calm debt markets.
08 Jul 2010
EMU break-up would unleash a global crisis, warns ING
A full-fledged disintegration of the eurozone would trigger the worst economic crisis in modern history a new report argues.
07 Jul 2010
China's property market braced for 30pc drop
Standard Chartered tells clients to prepare for a fall in property prices of up to 30pc in Beijing, Shanghai, Shenzen, and other large cities.
06 Jul 2010
Europe’s ‘toothless’ bank tests making matters worse
City institutions have warned that Europe’s stress tests for banks are almost useless and may further damage confidence.
05 Jul 2010
With the US trapped in depression, this really is starting to feel like 1932
The US workforce shrank by 652,000 in June, one of the sharpest contractions ever. The rate of hourly earnings fell 0.1pc. Wages are flirting with deflation.
04 Jul 2010
Spain may need financial rescue, says Merrill
Spain's debt crisis may force the country to tap the EU-IMF rescue fund over the next two to three months and set off a political storm, according a confidential report by the Bank of America Merrill Lynch.
02 Jul 2010
Spectre of an economic relapse stalks markets
Fears of an economic relapse across the world have begun to stalk markets as data weakens.
01 Jul 2010
Merkel's political woes punctures euphoria
Fears for the survival of German Chancellor Angela Merkel sent tremors through markets.
30 Jun 2010
Warning signals of a double-dip recession flash across the world
Global bond markets are flashing warning signals of a sharp slowdown in growth across the world and a possible slide toward a double-dip recession and outright deflation.
29 Jun 2010
BIS warns that era of low rates must end
Authorities should tighten monetary policy in combination with austerity measures, Bank says.
28 Jun 2010
BIS: Europe's banks are still on 'life support'
Europe's banks have yet to come clean over bad loans and may struggle to refinance short-term debt, the Bank for International Settlements has warned.
28 Jun 2010
RBS tells clients to prepare for 'monster' money-printing by the Federal Reserve
As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve.
27 Jun 2010
Bernanke needs monetary blitz as US recovery falters
Fed chairman wages an epochal behind-the-scenes battle with regional hawks for control of US monetary policy.
24 Jun 2010
Soros tells Germany to step up, or leave euro
Legendary investor George Soros says Berlin’s austerity doctrine is a threat to democracy and political stability in Europe.
23 Jun 2010
Bravo Osborne: you have saved Britain in the nick of time
23 Jun 2010
Global markets fear US bond sell-off as China ends peg
Global markets braced for a possible sell-off in US Treasury bonds after China ends two-year currency freeze.
20 Jun 2010
Gold reclaims its currency status as the global system unravels
We already know that the eurozone money markets seized up violently in early May as incipient bank runs spread from Greece to Portugal and Spain.
20 Jun 2010
ECB must buy 'hundred of billions' of bonds
Fitch Ratings warns that it may take massive asset purchases by the ECB to prevent Europe's crisis escalating.
17 Jun 2010
Italian economists slam austerity measures
A group of 100 Italian economists has written an open letter warning that the EU austerity policies being imposed on Southern Europe may tip the region into a downward spiral, risking the disintegration of the monetary union.
17 Jun 2010
Spanish debt wilts amid €250bn rescue confusion
EU debt markets remain under stress after reports Spain is in secret talks for a support package of up to €250bn (£208bn), the largest rescue in history.
16 Jun 2010
Spain starts fight back as borrowing costs surge
Spain ups the ante in a high-stakes poker game with Germany, pushing for the release of EU stress test results for major banks.
15 Jun 2010