European Central Bank has taken a strategic gamble that the current surge in food and commodity prices is not a repeat of the inflation virus of the 1970s and will subside without the need for a monetary squeeze. 03 Feb 2011 Deposit flight from Irish banks accelerated sharply at the end of last year on fears of political turmoil, suggesting that the EU-IMF rescue package for Ireland failed to restore confidence. 02 Feb 2011 The International Monetary Fund has warned that 'dangerous' imbalances have emerged that threaten to derail global recovery and stoke tensions that may ultimately set off civil wars. 01 Feb 2011 Risk analysts and intelligence agencies fear that Egypt's uprising may set off escalating protests in the tense Shia region of Saudi Arabia, home to the world's richest oilfields. 31 Jan 2011 Political risk has returned with a vengeance. The first food revolutions of our Malthusian era have exposed the weak grip of authoritarian regimes in poor countries that import grain, whether in North Africa today or parts of Asia tomorrow. 30 Jan 2011 Standard & Poor's has downgraded Japan for the first time in nine years, citing lack of a "coherent strategy" to control its monster deficits or grasp the nettle to reform. 27 Jan 2011 Asian and Middle-East investors have thronged to buy the first issue of AAA-rated bonds by the eurozone's new bail-out fund, marking a key moment in the evolution of Europe's monetary union. 25 Jan 2011 The International Monetary Fund issues its clearest warning to date that the latest US fiscal stimulus is ill-judged, unlikely to do much for growth and raises the risk of a bond crisis. 25 Jan 2011 Spain has set in motion a partial nationalisation of its crippled savings banks, or cajas, but stopped short of the giant rescue deemed necessary by some experts to contain the country’s festering crisis. 24 Jan 2011 We all learned at school how the status quo powers mismanaged the spectacular rise of Germany before World War I, a strategic revolution so like the rise of China today. 23 Jan 2011 Société Générale fears China has lost control over its red-hot economy and risks lurching from boom to bust over the next year, with major ramifications for the rest of the world. 20 Jan 2011 Brazil has raised interest rates sharply, following China, India and host of countries across the emerging world in acting to curb inflation and counter the flood of dollar liquidity from the US. 19 Jan 2011 Goldman Sachs has issued a short-term alert on China and India as inflation rears its ugly head, advising clients to rotate into Wall Street and Old World bourses as a safer bet over coming months. 18 Jan 2011 Let us assume for the sake of argument that Europe succeeds in containing the immediate EMU debt crisis, with help from Asia, and that Germany’s fractious coalition actually agrees to a bail-out fund big enough to make any difference. 16 Jan 2011 Members of Angela Merkel's coalition are resisting plans for an increase in the EU's bail-out fund, ahead of Monday's crucial meeting of EU finance ministers. 16 Jan 2011 Irish banks are running out of collateral they can use to borrow from the European Central Bank, turning instead to their own central bank on an unprecedented scale. 16 Jan 2011 EU authorities fear that China's purpose in buying eurozone debt may be double-edged, intended to push up the euro exchange rate against the yuan and gain advantage for exports. 13 Jan 2011 Germany and France have rejected calls by Brussels for a rapid increase in the size and powers of the EU's rescue machinery, once again exposing serious differences at the heart of monetary union. 12 Jan 2011 Portugal's leaders vowed yesterday to overcome the country's debt woes without the need for an EU-IMF loan package, despite dissent within its own central bank and pressure from northern Europe for a fast resolution of the crisis. 12 Jan 2011 The eurozone's debt crisis is once again in danger of spiralling out of control after yields on Portuguese debt spiked to a post-EMU high and contagion hit Spain and Belgium. 10 Jan 2011 The US is drifting from a financial crisis to a deeper and more insidious social crisis. 09 Jan 2011 Brussels has called for sweeping powers for EU regulators to seize failing banks, sack board members and impose haircuts on senior bank debt, to ensure that taxpayers are never again held hostage by high finance. 06 Jan 2011 The European Commission will on Thursday press ahead with plans to spread the burden of EU bank failures to senior bondholders, marking the start of harsher times for Europe’s creditors. 05 Jan 2011 In a sweeping report entitled "The World in 2050", the bank predicts the greatest global boom of all time over the next forty years as the rising powers of Asia, the Middle East, and Latin America get into full stride. 05 Jan 2011 Poland and the Czech Republic can afford to take their time before committing irrevocably to the rocky euro. For Estonia and fellow Baltic states, EMU is a strategic imperative. 04 Jan 2011Ambrose 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
Trichet retreats on rates as commodities spike
Irish bank flight quickens despite EU rescue
IMF fears civil wars as inequalities worsen
Mid-East contagion fears for Saudi oil fields
Egypt and Tunisia usher in the new era of global food revolutions
Japan downgrade a warning shot for US, EU
Massive demand for first Euro bail-out bond
IMF chides US for fiscal folly
Spain tempts fate with minimalist bank rescue
Appeasement is the proper policy towards Confucian China
SocGen crafts strategy for China hard-landing
Brazil slams brakes to curb inflation
Goldman shuns BRICs for Wall St
EMU policies are pushing Southern Europe into systemic political crisis
German coalition split over EU's bail-out fund
Irish lenders besiege ECB for loans
Europe fears motives of Chinese super-creditor
France and Germany veto increase in EU rescue fund
Portugal defiant as pressure builds for rescue
EMU debt crisis edges ever closer to the core
America's poorer half trapped in Depression as Wall St booms
Europe unveils sweeping plans to govern banks
EU haircuts plan unsettles debt markets
HSBC sees China and US leading megaboom
Estonia no guide for others on rocky euro
Sunday, 6 February 2011
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