Officials from the EU and the International Monetary Fund made two grave errors when they swooped into Greece in mid-2010 and dictated the now hated "Memorandum". 16 Feb 2012 A Greek default and traumatic ejection from the euro moved a step closer last night after eurozone finance ministers cancelled a crucial meeting, accusing Athens of failing to flesh out austerity cuts. 14 Feb 2012 The last time Germany needed a bail-out from world creditors, it secured better terms than shattered Greece last week. 12 Feb 2012 The European Central Bank has held interest rates at 1pc and doused hopes of further cuts despite a credit contraction over the winter and falls in the M3 money supply. 09 Feb 2012 Corporate bonds have enjoyed a spectacular rally over the last month as central banks flood the world with liquidity, and cash-rich companies bask in glory as gilt-edged assets. 09 Feb 2012 Europe’s dominant powers and institutions are for the first time willing to risk a Greek default and ejection from the euro if Athens refuses to comply with austerity demands, calculating that the eurozone system is now strong enough to withstand a contagion shock. 07 Feb 2012 Ambrose Evans-Pritchard reveals details of a French plan to break up the euro. 07 Feb 2012 Shanghai shipping volumes contracted sharply in January as Europe's debt crisis curbed demand for Asian goods, stoking fresh doubts about the strength of the Chinese economy. 06 Feb 2012 The half-century habits of Franco-German condominium die hard. It is a painful process for French elites to admit that monetary union is asphyxiating their economy and must inevitably trap France in mercantilist subordination to Germany. 05 Feb 2012 Greece was on the brink of a deal with private creditors on Wednesday night after weeks of brinkmanship. 01 Feb 2012 Germany's Bundesbank has entirely exhausted its stock of private assets and run up a quarter of a trillion euros in liabilities propping up the eurozone system, testing the political limits of EMU solidarity in Germany. 01 Feb 2012
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
Just as Greece complies at last, Europe pulls the plug
Greek economy spirals down as EU forces final catharsis
Germany's Carthaginian terms for Greece
ECB's Draghi shuns rate cuts, boosts bank bazooka
Trigger-happy central banks spark bond euphoria
Greek trump card fails as stronger Europe shrugs off break-up threat
An orderly EMU break-up, à la Française
Shanghai shipping slump as IMF warns China on euro slump
French socialists’ Latin revolt against Germany
Greece nears debt deal with banks but EU clash looms
Bundesbank sinks deeper into debt saving Europe
Sunday, 19 February 2012
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