Sunday, 14 August 2011

Ambrose Evans-Pritchard

Ambrose Evans-Pritchard

Ambrose Evans-Pritchard is International Business Editor of The Daily Telegraph. He has covered world politics and economics for 30 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels.

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LATEST FROM AMBROSE EVANS-PRITCHARD

Desperate Swiss eye euro peg to repel safe-haven flood

Switzerland is mulling drastic measures to fend off safe-haven flows from Euroland and stop the relentless rise of the Swiss franc crippling large parts of the country's economic base.

11 Aug 2011

Sarkozy pledges austerity measures as bank shares crash

French president Nicolas Sarkozy has ordered a "general mobilization" to slash France's budget deficit in a frantic effort to safeguard the country's AAA rating and head off a downgrade by Standard & Poor's.

10 Aug 2011

Bail-outs chip away at France and Germany too

Investors have begun to question whether France and Germany can credibly underwrite the debts of southern Europe without losing their AAA ratings and succumbing to the crisis themselves.

09 Aug 2011

European Central Bank must go nuclear to save Europe

A chorus of global economists has called on the European Central Bank to go far beyond pin-prick purchases of eurozone debt.

08 Aug 2011

The world runs out of options

The Great Reprieve is exhausted. The world has used up the three years' grace gained by extreme stimulus after the debt bubble burst in 2008.

07 Aug 2011

The ECB throws Italy and Spain to the wolves

The European Central Bank has abandoned Italy and Spain to their tortured fate. Its refusal to act in the face of an existential threat to monetary union has set off violent tremors across the global financial system, raising the risk that the crisis will spiral out of control.

04 Aug 2011

The West's horrible fiscal choice

The US, Britain, and Europe are together embarking on a sudden and severe tightening of fiscal policy, in unison, before economic recovery has reached safe take-off speed. The experiment was last tried in the 1930s.

03 Aug 2011

Europe's money markets freeze as crisis grows

The European money markets have begun to seize up as pressure mounts on the Italian and Spanish banking systems, tracking the pattern seen during the build-up towards the financial crisis in 2008.

02 Aug 2011

Italy in eye of the storm as cash runs low

Fears of a double-dip downturn on both sides of the Atlantic have set off fresh mayhem in Southern European bond markets, dashing hopes that Europe's summit deal in late July would contain the escalating crisis.

01 Aug 2011

America is merely wounded, Europe risks death

We have a glimmer of hope. The key indicators of the US money supply are at last firing on all cylinders, a dramatic turn for the better that would normally signal recovery or even a mini-boom within the next six to 12 months.

01 Aug 2011

Warnings of global slump

A chorus of global banks has warned that Washington risks triggering a global slump and may suffer permanent loss of credibility by flirting with default on America's $14.3 trillion (£8.8 trillion) federal debt.

28 Jul 2011