Standard & Poor's is to warn that a double-dip recession in Europe would imperil France's AAA rating and set off a string of downgrades across Southern Europe, undermining the EU's debt crisis strategy. 20 Oct 2011 Talks between eurozone's two great powers are deadlocked over role of bail-out fund, and fears for markets grow if solution not reached by Sunday's summit. 19 Oct 2011 Plans to increase the firepower of Europe's bail-out machinery with extra leverage threaten France's AAA rating and risk setting off a dangerous chain of events, a top German institute has warned. 17 Oct 2011 Financiers accused of skulduggery could become subject to criminal sanctions under laws set to be proposed by the president of the European Commission. 16 Oct 2011 Europe’s banks face a $7 trillion lending contraction to bring their balance sheets in line with the US and Japan, threatening to trap the region in a credit crunch and chronic depression for a decade. 16 Oct 2011 Top officials from the US Treasury and the International Monetary Fund are privately worried that Europe’s `Grand Plan’ to overcome the debt crisis is fundamentally deficient and may fail to restore market confidence. 16 Oct 2011 Italy risks a debt spiral without "drastic" steps to cut spending and restore confidence in public finances, the country's central bank governor has warned. 12 Oct 2011
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.
LATEST FROM AMBROSE EVANS-PRITCHARD
S&P sees downgrade blitz in EMU recession
Franco-German deadlock over ECB’s role in rescue fund
Berlin experts fear euro break-up
Barroso proposes penalties for rogue bankers
Europe's lost decade as $7 trillion loan crunch looms
Lack of ECB firepower weakens Europe’s Grand Plan
Mario Draghi fears Italian debt spiral
Sunday, 23 October 2011
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