Sunday, 30 October 2011


Soros attacks euro 'rescue'

Veteran investor says Brussels debt crisis deal will be short-lived.

Latest eurozone bail-out will fail within weeks

To work, Greece and Portugal must leave the euro,

writes Liam Halligan.

Barclays/RBS: £2bn profit

Banks weathered economic downturn better than American competitors.

SocGen Welsh 'fraud' claim

French bank caught up in multi-million pound allegations.


Liam Halligan

Liam Halligan

Liam Halligan's column tackles head on the key issues facing the British and global economy.

Click here to find out more!

LATEST FROM LIAM HALLIGAN

Why the latest eurozone bail-out is destined to fail within weeks

I want last week's European bail-out to work. My sincere hope is that collective and decisive action by the eurozone's large member states will stabilize global markets, at least for a while, so allowing the global economy to catch its breath.

29 Oct 2011

China signals irritation as Europe stares into the financial abyss

Europe's grotesque debt crisis rumbles on. France and Germany are at daggers drawn, the eurozone's two largest economies still a million miles away from agreeing on how they intend to patch-up an utterly incoherent economic construct.

22 Oct 2011

Putting an end to the euro would be better than yet another bail-out

‘Something” will happen by early November, we were told last Sunday.

15 Oct 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.

Click here to find out more!

LATEST FROM AMBROSE EVANS-PRITCHARD

Ambrose Evans-Pritchard: Portugal enters 'Grecian vortex'

Monetary contraction in Portugal has intensified at an alarming pace and is mimicking the pattern seen in Greece before its economy spiralled out of control, raising concerns that the EU summit deal may soon washed over by fast-moving events.

27 Oct 2011

Europe's grand gamble risks failure without ECB

Europe's "Grand Plan" to save monetary union is, in broad terms, a settled matter, even if the usual theatrics were still dragging on into the small hours of the Belgian night.

26 Oct 2011

EU rescue plans hostage to raw politics

Europe's debt crisis has taken a deeply political turn as parliamentary battles rock Italy and Greece and once again cause simmering dissent in Germany, vastly complicating the search for a workable solution.

25 Oct 2011

World power swings back to America

The American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account might even be in surplus.

23 Oct 2011

S&P sees downgrade blitz in EMU recession

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

Franco-German deadlock over ECB’s role in rescue fund

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

Berlin experts fear euro break-up

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


ECONOMICS NEWS

Britain's haves and have nots

Research outlining regional economic disparity shows a clear split between London and the South East and the rest of the country. Here's how house prices, average salaries and levels of debt compare across Britain, according to Moneyexpert.com.

30 Oct 2011

Britain has become a two-speed country

For Lynn Kerfoot and her 21 workers at industrial conveyor belt maker Newland Engineering, the recession is not just about to start – it's been a reality for some time.

30 Oct 2011

UK recovery still 'lacklustre' despite Q3 improvement

The British economy bounced back slightly in the third quarter but may now be contracting again, economists and policy-makers have warned.

30 Oct 2011

UK Treasury in 'credit easing' bond talks with LSE

The Treasury has held talks with the London Stock Exchange (LSE) in the hope it will be able to facilitate its plans to boost companies' access to finance amid continued dislocations in the corporate credit markets.

29 Oct 2011

Why the latest eurozone bail-out is destined to fail within weeks

I want last week's European bail-out to work. My sincere hope is that collective and decisive action by the eurozone's large member states will stabilize global markets, at least for a while, so allowing the global economy to catch its breath.

29 Oct 2011

George Soros attacks Brussels rescue deal

Veteran investor George Soros has attacked the lack of leadership at the top of the eurozone and said that the new Brussels "deal" to solve the debt crisis will only last between "one day and three months".

29 Oct 2011

Bank participation in Greek haircut will be 'very high'

Bank participation in voluntary write-downs of Greek debt will be "very high", Charles Dallara, the head of the International Finance Institute (IIF) said on Saturday.

29 Oct 2011

Eurozone rescue fund boss courts China

The head of the European rescue fund says it could issue bonds in yuan, as he attempted to tempt China into backing Europe’s bailout.

29 Oct 2011

Stealing the roof of the house of God

Churches have become the victims of a growing international black market in stolen metals, says Iain Hollingshead.

29 Oct 2011

LIVE: debt crisis

A relief rally in global stock markets has faded after Italian government debt edged closer to danger levels, China balked at rescue aid, and doubts over the eurozone bail-out plan resurfaced.

28 Oct 2011

Germany €55bn richer than it thought

Germany is €55bn richer than it previously thought because of an accounting error at state-owned bank Hypo Real Estate Holding.

28 Oct 2011

Can America survive without its backbone?

As the gaps within the classes widen, American society is starting to fracture, argues Anne Applebaum.

28 Oct 2011

Europe’s sticking plaster will not heal the wounds

Telegraph View: The 'comprehensive package' agreed by the EU is far from being the great leap forward that will resolve the eurozone’s debt crisis.

28 Oct 2011

Italian debt soars on bail-out fears

Prime Minister Silvio Berlusconi launches extraordinary outburst against the single currency and claims that after Germany, Italy had the eurozone's strongest economy.

28 Oct 2011

Family finances falling at record level

The financial wellbeing of British families fell at the fastest rate in at least 14 years, according to data which underline how inflation and frozen wages are making life tough for many households.

28 Oct 2011

WPP's London 2012 hopes

Top stories: UK consumers, China aid, WPP and the week ahead.

28 Oct 2011

EU bailout fund chief travels to China to ask for help

The eurozone bail-out fund could team up with the IMF to attract Chinese investment, the fund's boss said, contradicting George Osborne's claims that the UK's IMF contributions would not be used in the rescue deal.

28 Oct 2011

'Significant' risk of UK recession, warns Fisher

The likelihood of another UK recession is 'significant', even if eurozone leaders manage to contain the region's debt crisis, Bank of England policymaker Paul Fisher has warned.

28 Oct 2011

Debt crisis: as it happened - October 27, 2011

Markets rise after eurozone leaders reach a deal they hope will mark a turning point in the debt crisis, agreeing after all-night talks to have banks take a 50pc loss on Greek debt and to boost the rescue fund to €1 trillion.

27 Oct 2011

Another US downgrade 'won't harm economy'

A growing number of US lawmakers do not think another downgrade of the country's AAA rating will harm America's economy, raising questions about how much pressure Congress is under to fix the intractable budget deficit.

27 Oct 2011

American consumers aren't lying. Just sharply divided

It's not unheard of for someone to say one thing and do another. It might be what Americans are doing when it comes to their spending.

27 Oct 2011

EU bailout fund chief travels to China to ask for help

The head of the eurozone bailout fund visits Beijing on Friday as debt-laden Europe tries to persuade China and other top emerging economies to come to its rescue.

27 Oct 2011

Ambrose Evans-Pritchard: Portugal enters 'Grecian vortex'

Monetary contraction in Portugal has intensified at an alarming pace and is mimicking the pattern seen in Greece before its economy spiralled out of control, raising concerns that the EU summit deal may soon washed over by fast-moving events.

27 Oct 2011

The motives to join the eurozone have all but disappeared for good

Given recent experience, Wednesday night's Brussels accord on fixing the eurozone will fizzle out through inaction and disagreement just like the July 21 agreement did.

27 Oct 2011

Government after government has failed us

Millions of households are victims of a low-growth economy, New Labour’s stealth taxes and Gordon Brown’s raid on pensions, says Ed Howker.

27 Oct 2011