Allez Les Bleus. If you comb through the French blogosphere and the comment threads of Le Figaro and Le Monde, you will be struck by how many posters are disgusted with their own government for lobbing a hand-grenade across the Channel. Hatred of Britain is not much in evidence. On the contrary. Enough has already… Read more Tempers are fraying in austerity-racked Portugal. A top socialist politician was taped at a party dinner calling for diplomatic warfare against the EU's northern powers and issuing threats of debt default. 15 Dec 2011 The European Central Bank will be forced to print money on a large scale but only after deep recession and months of drift have pushed the eurozone to the brink of disaster, Bank of America has warned. 15 Dec 2011 China's credit bubble has finally popped. The property market is swinging wildly from boom to bust, the cautionary exhibit of a BRIC's dream that is at last coming down to earth with a thud. 14 Dec 2011 Concerns are mounting that Britain may have to contribute a further £30bn to eurozone rescue loans through the International Monetary Fund, matching the sorts of burdens shouldered by Germany, France and other EMU states. 13 Dec 2011 Britain's business leaders are far more worried about the eurozone's debt crisis than any fallout from the UK's diplomatic spat with Brussels, playing down fears that David Cameron's unprecedented treaty veto could trigger job losses or commercial retaliation. 11 Dec 2011 Germany's Bundesbank has raised serious objections to EU summit plans to shore up Italy and Spain by channelling up to €200bn (£170bn) from central bank reserves through the International Monetary Fund (IMF). 11 Dec 2011 Angela Merkel’s summit has sealed a 1930s outcome for Europe, further entrenching Germany’s misguided and contractionary policies without offering any viable way out of the crisis at hand.
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.
In defence of the French
LATEST FROM AMBROSE EVANS-PRITCHARD
Talk of 'nuclear default' sums up Left's anger at EU dictates
Bank of America sees deeper eurozone crisis before ECB rescue
China's epic hangover begins
Confusion over Britain's £30bn share of IMF rescue for Europe
EU treaty: Business leaders play down veto fears
Bundesbank rejects Europe's IMF funding ruse
Merkel's Teutonic summit enshrines Hooverism in EU treaty law
Sunday, 18 December 2011
DECEMBER 16TH, 2011 19:35
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