The overwhelming fact of the global currency system is that America needs a much weaker dollar to bring its economy back into kilter and avoid slow ruin, yet the rest of the world cannot easily handle the consequences of such a wrenching adjustment. There is not enough demand to go around. 10 Oct 2010 Alone among the debt–stricken states of the outer eurozone, Ireland has a booming export base. 08 Oct 2010 Irish business federation head Danny McCoy warns a default on the junior debt of Anglo Irish Bank and other lenders would be a breach of faith. 06 Oct 2010 Ambrose Evans-Pritchard says Chapter Three of the IMF's World Economic Outlook more or less condemns Southern Europe to death by slow suffocation. 03 Oct 2010 Stimulus leaking out of the West's stagnant economies is flooding into emerging markets, playing havoc with currencies and economies. 29 Sep 2010 States accounting for two-thirds of the global economy are either holding down their exchange rates by direct intervention or steering currencies lower in an attempt to shift problems on to somebody else, each with their own plausible justification. Nothing like this has been seen since the 1930s. 26 Sep 2010 Irish borrowing costs hit post-EMU record as fears over Europe's debts grow after Dublin warns Anglo Irish Bank creditors of losses. 23 Sep 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
Currency wars are necessary if all else fails
The hi-tech miracle rescuing Ireland from a banking crisis
Ireland must honour its debts, says business boss
IMF admits that the West is stuck in near depression
Capital controls eyed as global currency wars escalate
Gold is the final refuge against universal currency debasement
Ireland faces double dip, hints at debt restructuring
Sunday, 17 October 2010
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