Euro-crisis

Greece may soon face a humanitarian crisis of its own

21 June 2015 15:39

Normally, the phrase ‘continent in crisis’ is hyperbole. But it seems appropriate today as we contemplate the situation Europe, and…

The Greek crisis isn’t over

21 February 2015 13:56

The more you read about the deal between Greece and the Eurozone, the clearer it becomes how temporary a deal…

Why Angela Merkel doesn’t want a haircut

25 July 2013 17:54

The announcement by Angela Merkel last week that there would be no second haircut for Greece may have surprised some readers unfamiliar…

A generation of Cypriots are about to be badly hurt. It’s all unravelling – badly.

24 March 2013 22:01

This picture is from a website for Cypriot homes:  you can buy a three bedroom apartment for £1.6mn.  Whoever owns…

Italian elections: ‘The worst possible outcome’

26 February 2013 15:16

Forget Moody’s. If you want to see market panic, just look at Italy. As Isabel reported this morning, the unexpectedly…

Italian Prime Minister Mario Monti leaves in a car the Quirinale Presidential palace after handing in his resignation to President Giorgio Napolitano. Picture: Getty

Mario Monti resigns

21 December 2012 19:24

Following the passing of his budget, Mario Monti has quit as Italian Prime Minister. At the moment, it remains unclear…

Draghi makes good on his promise: but will it save the euro?

6 September 2012 23:05

David Cameron and François Hollande met this evening. As you would expect, they discussed the situation in the eurozone, which…

All will and no way for the eurozone crisis

27 July 2012 14:55

Mario Draghi’s announcement yesterday that the ECB would ‘do whatever it takes’ to preserve the euro certainly cheered markets up…

Bandaging up the eurozone’s wounds

24 July 2012 8:43

The approach of eurozone leaders to the crisis in their region has so far been a piecemeal, sticking plaster approach.…

Spain and Italy present a bigger terror for the Eurozone

23 July 2012 12:45

MPs have been amusing themselves with a rather grim game in which they guess what event will lead to Parliament…

The euro sticking plaster peels off

6 July 2012 13:15

The sticking plaster is peeling off again. Spanish bond yields have again breached 7 per cent this morning. That 10…

The Summer of the PIGS

1 July 2012 11:00

Suddenly, unexpectedly, this is becoming the Summer of the PIGS. The balance of power inside the EU has shifted with…

Banging on about Europe

1 July 2012 10:15

It’s funny how things turn out. David Cameron said in opposition that there was nothing worse than the Conservative party…

Europe’s illusory deal

29 June 2012 19:45

After Merkel’s decision to allow Eurozone funds to be used to bail out Spanish and Italian banks, the press tomorrow…

Angela’s anguish on ESM vote

29 June 2012 14:15

This all feels rather miserably familiar. Eurozone leaders come to a dawn agreement about resolving the crisis. Markets react positively.…

Italy and Spain put Merkel in the corner

29 June 2012 9:00

It took them 13 hours, but eurozone leaders have finally agreed to use bailout funds to recapitalise banks directly. The…

Of technocrats and democrats

27 June 2012 9:15

A former European leader was a guest at a private dinner in London recently. It was a polite and reverential…

Greece’s troubles deepen

25 June 2012 18:00

The Greek coalition was already a pretty shaky affair but the resignation of the finance minister before he’s even taken…

Broken down fiat

25 June 2012 15:15

All currency is faith. When the noble barman at the local pours a pint in exchange for your £5 note,…

Cameron plays his part in an eventful G20

20 June 2012 9:15

And there we were thinking that the G20 would be another insipid talking shop. In fact there was intrigue, animus…

The pernicious myth of powerlessness

19 June 2012 9:30

‘Corruption,’ wrote Edward Gibbon in his peerless Decline and Fall of the Roman Empire, is ‘the most infallible symptom of…

A turning point in Greece? Think again

18 June 2012 19:45

Things in Greece could have been worse after yesterday’s election, but that fact can’t be hailed as a ‘turning point’.…

Boris beats two loud drums

18 June 2012 16:30

Boris Johnson’s interventions today are another reminder of his ability to please the Tory tribe, and be a thorn in…

Kicking the can down the road

18 June 2012 12:15

There has been a lot written about Greece’s elections. The outcome, a narrow victory for the New Democracy party, was…

The morning after the night before

18 June 2012 9:00

This morning’s front pages are devoted to Greece, and the consensus is that the result of yesterday’s election amounts to…