The escalating debt crisis on the eurozone periphery is starting to contaminate the creditworthiness of Germany and the core states of monetary union. 26 Nov 2010 German plans to push for bondholder haircuts in Europe as soon as next year have triggered a surge in default risk on European bank debt and set off further flight from Spanish, Portuguese and Irish bonds. 25 Nov 2010 Borrowing costs for Portugal and Spain have surged to danger levels on fears that Europe's leaders are losing political control of the Irish crisis and have yet to agree on a coherent plan to tackle the eurozone's deeper debt woes. 23 Nov 2010 The Portuguese seemed baffled - and pained - that investors should link their country in any way with Greece or Ireland. I am afraid they must come to terms very soon with some unpleasant facts. 22 Nov 2010 Ireland's Fianna Fail leaders must rue the day they ever allowed Patrick Honohan to take charge of the Irish central bank. 19 Nov 2010 Europe will raise interest rates and withdraw lending support for banks despite the eurozone debt crisis, even if this risks pushing Ireland, Portugal and Spain into deeper trouble. 18 Nov 2010 Irish central bank governor Patrick Honohan has said he "absolutely" expects the country to accept a bail-out worth “tens of billions” of euros from the EU and IMF. 18 Nov 2010 A squad of inspectors from the EU and IMF will arrive in Dublin on Thursday to go through the books of the Irish banking system and prepare the way for a likely rescue of at least €80bn (£68bn). 17 Nov 2010 Greece's eurozone bail-out starts to unravel as Austria suspends aid contributions over failure to comply with rescue terms. 16 Nov 2010 It is the ECB that should be printing money on a mass scale to purchase government debt, not the US Federal Reserve. 14 Nov 2010 America is a resilient nation, with far healthier demographics than China, Japan, Korea, Germany, Italy or Russia. The storm will blow over. 07 Nov 2010 The early verdict is in on the Fed's $600bn of fresh money through QE. Yields on 30-year Treasury bonds jumped 20 basis points to 4.07pc. 04 Nov 2010 Australian dollar blasts through parity against US dollar after the country - along with India - raises interest rates to fight inflation. 02 Nov 2010 As the Federal Reserve meets to decide the size of its next blast of QE, it does so knowing that China and the emerging world view the policy as an attempt to drive down the dollar. 01 Nov 2010 Germany has had enough. Any eurozone state that spends its way into a debt crisis or cannot adapt to a monetary union set for Northern rhythms will face “orderly” bankruptcy. 31 Oct 2010 Investors face large potential losses under German plans likely to win EU backing – risking a boycott of Greek, Irish, and Portuguese bonds. 28 Oct 2010 The simmering crisis on the eurozone fringes has erupted again as the full impact of debt deflation hits home, raising fresh doubts about austerity. 27 Oct 2010 Europe's debt woes returned to fore after the Greek premier threw open the door to fresh elections and vowed to liberate the nation. 26 Oct 2010 German growth widens eurozone divide, may force ECB to tighten before high-debt states are ready. 25 Oct 2010 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 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.
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Sunday 28 November 2010
Posted by Britannia Radio at 09:38