The euro is going up in smoke – and there’s no fire brigade to stop it
t might have been a statement of the blindingly obvious, but Mario Draghi’s warning yesterday that the eurozone as it stands is unsustainable, and that Europe’s leaders must clarify their vision for...
View ArticleSpain is in ‘total emergency’, the EU in total denial
I’ve never actually heard the term “total emergency” before, at least not in the context of global economics. It sounds like the title of a disaster movie. When it is uttered in sober tones by the...
View ArticleSpain and the final battle for the euro
Luis de Guindos, Spanish finance minister, said last month that the battle for the euro was going to be waged in Spain. But while the outcome of the struggle is still unknown, the final showdown may...
View ArticleDebt crisis: Spain requests bailout to save banks
After hours of crisis talks between eurozone finance ministers, Spain’s Luis de Guindos confirmed that the country will ask for money to aid its stricken financial sector. “The Spanish government will...
View ArticleDebt crisis: Rajoy says Spain has averted a full bailout – Telegraph
He said that without changes introduced by the government, Saturday’s decision “would have been an intervention” instead of “the opening of a credit line”. “If we had not done what we have done in the...
View ArticleEuro’s Greek honeymoon short-lived
The election victory for pro-austerity parties in Greece failed to assuage fears over the eurozone’s future, as investors ratcheted up the pressure on policymakers by sending Spain’s benchmark...
View ArticleIncisive and topical campaigns and commentary on today’s issues and...
The spin was fine. The Greek people had voted to save the Euro. The “right” parties had enough seats and votes to form a government which would support the loans which support the Euro membership. The...
View ArticleDebt crisis: Spain and Italy to be bailed out in £600bn deal
Two rescue funds are to be used to buy the debts of the troubled economies, the cost of which have reached record highs in recent weeks. It is hoped that the move, which represents a substantial shift...
View ArticleDebt crisis: Markets and euro slide as Spain woes deepen
The yield on Spanish government 10-year bonds hit a new euro-era record of 7.5pc on Monday on fears that one of the eurozone’s biggest economies might need a full-blown sovereign bailout. Investors’...
View ArticleSpain’s Immigrant Invasion
Much has been made in the British press recently about the results of the latest census, which showed 3 million immigrants had come to live in England Wales within the last decade. This has been...
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