Europe's €30 trillion headache
European banks face a serious funding threat over the next two years as authorities withdraw emergency support, S&P says.
World splits as East tightens while West stays loose
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
Europe's €30 trillion headache
European banks face a serious funding threat over the next two years as authorities withdraw emergency support, S&P says.
29 Jul 2010
Drip after drip of deflation data
27 Jul 2010
World splits as East tightens while West stays loose
India's move to raise rates underlines the stark contrast with West.
27 Jul 2010
Spain shines on stress test, Germany flunks
Europe's bank stress tests have reduced pressure on Spanish lenders but so far done little to ease broader strains in interbank credit markets.
26 Jul 2010
The Death of Paper Money
As they prepare for holiday reading in Tuscany, City bankers are buying up rare copies of an obscure book on the mechanics of Weimar inflation published in 1974.
25 Jul 2010
Swiss endure safe-haven agony from euro flight
Switzerland is fighting a losing battle to stop massive inflows of funds from investors fleeing sovereign risk in the euro area and the rest of the world.
21 Jul 2010
Hungary's IMF revolt augurs ill for Greece
The collapse of talks with the IMF is a chilly reminder that sovereign debt crises do not end with a rescue package and a click of the fingers.
19 Jul 2010
Stress-testing Europe's banks won't stave off a deflationary vortex
Euroland's authorities are inflicting a triple shock of fiscal, monetary, and currency tightening on a broken economy. They are doing so in a region where industrial output is still 14pc below its peak, where growth barely scraped above zero over the winter "recovery", and where youth unemployment is at 40pc in Spain, 35pc in Slovakia, 29pc in Italy, and 26pc in Ireland.
18 Jul 2010
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
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