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Eurozone

Image: Getty

David Cameron is acting in a principled way over Juncker – so let’s back him

27 June 2014 12:52

It’s pretty rich hearing the Labour Party criticize Cameron for taking a principled stance on Europe. How vulgar, they say, how amateur. Doesn’t he know that the job is to… Continue reading

117 Comments
Bank Of England Cut Interest Rates To All Time Low

The Battle for Threadneedle Street

30 January 2014 16:13

I thought it obvious that Mark Carney’s trip to Scotland yesterday was a bad day for Alex Salmond and the Scottish nationalists. Sure, the governor of the Bank of England… Continue reading

111 Comments
Is it now India's turn to produce a Marie Curie figure? (Photo: AFP/Getty)

George Osborne: Britain is better off in a reformed EU

15 January 2014 13:48

George Osborne’s speech to the Open Europe conference this morning was billed as the Chancellor taking a tough guy stance with European leaders, demanding that they reform or see their… Continue reading

57 Comments
Credit Crisis Threatens Banking Jobs

The Closing of the Nationalist Mind

29 August 2013 17:52

A paper with the title Scottish Independence: Issues and Questions; Regulation, Supervision, Lender of Last Resort and Crisis Management is not one liable to set pulses racing on the streets of… Continue reading

113 Comments
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Are the SNP’s plans for a currency union a) Expedient, b) Sensible, c) Dangerous or d) All of the Above

23 April 2013 11:02

Even if George Osborne is right about the problems of a currency union between an independent Scotland and the rest of the UK he possesses the uncanny knack of being… Continue reading

108 Comments
Jose Manuel Barroso, Herman Van Rompuy, and Chinese Premier Wen Jiabao. Image: Getty

Would you prefer to do business with the eurozone or China?

25 March 2013 17:51

Does it really matter now whether the eurozone breaks up or not? The damage may already have been done, in terms of business confidence. A £10 billion bailout for Cyprus… Continue reading

32 Comments
Cypriot protestors wave banners during a demonstration against the EU bailout deal. Picture: Getty

What will it take to keep Cyprus in the euro?

19 March 2013 20:43

How will the eurozone respond to the Cypriot parliament’s overwhelming rejection of the bank deposit levy? There are only a few days in which to make a deal before the… Continue reading

69 Comments
Picture: Getty Images

Cyprus: This isn’t a tax, it’s a bank raid

18 March 2013 15:52

You know this levy on Cyprus bank deposits? It’s not a levy. A levy is a kind of tax, and what is happening to the people with bank deposits in… Continue reading

95 Comments
Pier Luigi Bersani secured a majority in the Chamber of Deputies, but not in the Senate. Picture: Getty Images

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 strong performance of Beppe Grillo’s anti-establishment party, the Five Star… Continue reading

74 Comments
Time for a double dip? Today's figures suggest that the Eurozone is back in recession.

Eurozone enters double dip recession

15 November 2012 9:50

The Eurozone is now in recession – this, at least, is what is implied by today’s avalanche of dire economic data. Eurostat has not (yet) made this calculation; but Capital… Continue reading

13 Comments
Anti-austerity protesters in Madrid. Picture: Getty.

Spain draws closer to a bailout

28 September 2012 16:44

The results of stress tests on Spanish banks will be revealed at 5pm, and the rumour on the trading floor is that the country may also announce that it is… Continue reading

43 Comments
The UK's trade deficit narrowed to £1.5 billion in July from a £4.3 billion deficit in June. Picture: Getty.

UK trade deficit narrows

11 September 2012 15:40

It’s been a funny 24 hours, hasn’t it? The UK has had good news from the tennis and good news on the economy. Unusual, particularly in the latter’s case, where… Continue reading

7 Comments
Mario Draghi unveiled his measures that he hopes will save the eurozone today. Picture: Getty.

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 is currently looking a little more cheery than usual after… Continue reading

29 Comments
Greek Prime Minister Antonis Samaras has asked for 'breathing space' on cuts. Image: PA.

Greek PM seeks breathing space on cuts

22 August 2012 9:18

Greek Prime Minister Antonis Samaras is looking for a breather this morning as he meets Jean-Claude Juncker, head of the eurozone finance ministers, to discuss Greece’s ability to make the… Continue reading

20 Comments
Eurozone finance ministers are discussing a possible Greek exit from the eurozone. Photo: Getty.

Eurozone leaders prepare for Grexit

20 August 2012 14:42

On one level, a government minister confirming that their colleagues are discussing the possible break-up of the eurozone is hardly a surprise. It would have been far more controversial had… Continue reading

29 Comments
Eurozone Debt Crisis - General Imagery

The Eurozone crisis approaches its crescendo

8 August 2012 17:11

Based on past performance, one wouldn’t want to put one’s mortgage on Mervyn King’s forecasts. One thing, though, that King is right about is that the crisis in the Eurozone… Continue reading

18 Comments
FILES - Photo taken on July 9, 2012 show

Draghi’s day of reckoning

2 August 2012 11:55

Today is the day when European Central Bank chief Mario Draghi’s big talk last week about doing ‘whatever it takes’ to save the single currency meets its test. The ECB… Continue reading

6 Comments
Debt Wracked Greece Goes To The Polls For Critical General Election

Kicking the euro crisis can down the road

31 July 2012 18:34

Today brought yet more reminders of why the eurozone can’t carry on like this much longer. Youth unemployment in Spain and Greece is above 50 per cent – a generation… Continue reading

31 Comments
The Eurozone Crisis Deepens As Greece Attempts To Avoid Bankruptcy

Whatever it takes to save the euro

30 July 2012 8:50

In case you were in any doubt about how committed eurozone leaders are to the survival of the single currency, Angela Merkel has put out another statement on doing ‘everything… Continue reading

5 Comments
(FILES) In this file picture taken on No

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 – but only for a while. Interest rates for Spanish… Continue reading

8 Comments
Eurozone Debt Crisis - General Imagery

Fears grow over Spanish bailout

20 July 2012 17:45

The market data on Spain this afternoon suggests that the bailout sticking plaster agreed earlier by eurozone finance ministers wasn’t big enough to cover the wound even for a few… Continue reading

15 Comments
IMF Managing Director Christine Lagarde

A diplomatic racket

4 June 2012 18:45

In my Observer column on Sunday I mentioned in passing that in a crisis, elites have to be able to show that they are sharing the plight of the masses.… Continue reading

12 Comments
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A shift in the government’s thinking about the Eurocrisis

26 May 2012 15:03

Theresa May’s suggestion that Britain could suspend the free movement of people in the event of a Eurozone break up is a reminder of just how transformative an event the… Continue reading

37 Comments
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The IMF is losing patience with Greece

26 May 2012 11:30

Much ado about Christine Lagarde’s interview with the Guardian this morning — and understandably so. After all, the head of the IMF is normally so restrained and delicate, yet here… Continue reading

23 Comments
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Will a Greek exit mean an EU referendum?

25 May 2012 9:04

A couple of weeks ago, James revealed that the promise of an EU referendum is almost certain to feature in the 2015 Tory manifesto. But might we actually have one… Continue reading

32 Comments