The European Central Bank has rebuffed calls for mass purchases of southern European bonds, despite growing pressure. 02 Dec 2010 As Europe's debt crisis spreads ever wider, the EU authorities are coming under intense pressure to move beyond piecemeal rescues and resort to radical action on a nuclear scale. 01 Dec 2010 The EU-IMF rescue for Ireland has failed to restore to confidence in the eurozone debt markets, leading instead to a dramatic surge in bond yields across half the currency bloc. 29 Nov 2010 Desperate moments call for desperate measures. In June 1940, the British War Cabinet led by Winston Churchill offered a total national merger to a shattered France. 29 Nov 2010 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 While the eurozone’s free-spending fringe suffers, the mood in Berlin is upbeat, finds Jeremy Warner. 03 Dec 2010 The Coalition likes to think of itself as a radical reforming government, but it's hard to apply that description to the latest rag-bag of proposals for corporation tax reform. 01 Dec 2010 Will the euro survive its dark night of the soul, and what, with the OBR confirming a relatively upbeat set of forecasts for the UK, does the present market turmoil mean for Britain? 30 Nov 2010 Mervyn King is powerless to halt the damage to savings and spending power, says Jeremy Warner. 25 Nov 2010 Behind the unfolding horror story of Ireland, Greece, Portugal and Spain, something is stirring in Europe which promises a better future. 24 Nov 2010 British participation in Ireland's rescue has nothing to do with saving the euro. The primarily purpose is to rescue our own banking system from its exposure to Ireland's banking crisis 23 Nov 2010 Taxpayers cannot be expected to pay for all the banks’ bad debts, saysJeremy Warner. 19 Nov 2010 As we learned to our cost at the height of the credit crunch, when a "too big to fail" bank goes bust, political leaders are faced with a choice that really amounts to no choice at all. 18 Nov 2010 The euro is in deep crisis with little hope of a happy ending – even for the UK, writes Jeremy Warner. 16 Nov 2010 The country is now effectively bust – its brutal cuts will have been in vain, saysJeremy Warner. 12 Nov 2010 There was a belated admission from Mervyn King on Wednesday; ignore the Inflation Report, he seemed to be saying, because its forecasts may amount to no more than tomorrow's chip paper. 11 Nov 2010 Is there a second credit crunch looming? Between now and the end of 2012, UK banks and building societies have to find ways of refinancing between £750bn and £800bn of lending. 09 Nov 2010 Hong Kong and Singapore have bounced back strongly from recession, unlike Britain, and what make the difference is they have leaders who deliver whether it is providing vital infrastructure, education, or law and order. 28 Nov 2010 It might seem tempting to believe that the cruel fate which has befallen Ireland is the result of outrageous fortune – but it is not. 21 Nov 2010 The world needs a new international economic and monetary regime to replace the bedlam which currently threatens a return to the 1930s but gold is not the answer, says Roger Bootle. 14 Nov 2010 Increased domestic spending by China would reduce global imbalances in a way that would raise world demand and hence reduce unemployment in the West. 07 Nov 2010 Regular readers should be in no doubt about my views on the weakness of our immediate growth prospects, yet there is a danger of getting our current economic predicament out of perspective. There are good reasons to be confident about the British economy's medium-term future. 24 Oct 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
ECB bows to German veto on bond purchases
EMU requires 'nuclear response'
Contagion strikes Italy as Ireland bail-out fails to calm markets
Germany faces awful choice as Spain wobbles
EU rescue costs start to threaten Germany itself
German haircut demands fuel crisis
Spain and Portugal under fire as bond spreads hit record
Portugal next as EMU's Máquina Infernal keeps ticking
Patrick Honohan: Ireland's prophet and saviour
ECB tightens screw on Ireland, Portugal, Spain
Ireland set to tap €80bn loan as it opens door to IMF mission
Ireland opens door to IMF mission
Greek rescue frays amid Irish crisis
Europe stumbles blindly towards its 1931 moment
America will survive the errors of Bernanke's trigger-happy Fed
Doubts grow over wisdom of Ben Bernanke 'super-put'
Australia, India fight Fed with 'quantitative tightening'
QE2 marks the end of dollar hegemony
Angela Merkel consigns Ireland, Portugal and Spain to their fate
EU 'haircut' plans rattle bondholders
Political upheaval rocks eurozone debt markets
Greece reignites Europe debt woes, bond investors jittery
German boom creates ECB policy headache
Currency wars are necessary if all else fails
The hi-tech miracle rescuing Ireland from a banking crisis
Jeremy Warner
Jeremy Warner, assistant editor of The Daily Telegraph, is one of Britain's leading business and economics commentators. A serial winner of awards, he has also been honoured for an "outstanding contribution in defence of freedom of the media" by the Society of Editors for his refusal to reveal sources to Government inspectors.
JEREMY WARNER LATEST
Germany will save the euro, but at a price
Britain is still way down the G20 list
Europe's threat to UK economic recovery
Is inflation now beyond the Bank's control?
Germany wallows in 'golden autumn'
EU must abandon this bail-out madness
This bail-out blackmail must be stopped
Massive restructuring of eurozone debt now inevitable
Britain is vulnerable in vicious cycle
Ireland has been betrayed by its EU 'friends’
Crunch time for world economy
Markets alert for credit crunch 2.0
Roger Bootle
Roger Bootle is one of the City's leading economists. In his column he sheds light on how the UK and world economies are performing and the challenges facing the world's policymakers.
LATEST FROM ROGER BOOTLE
What holds Britain back is an ineffective government
Ireland's fate is the result of an ill-conceived currency union
At least we seem no nearer to falling for the gold delusion
The Chinese will have to change their tune eventually
And now the good news for UK plc
Sunday, 5 December 2010
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