Though as a whole companies remain in relatively good shape, smaller groups look vulnerable to looming debt repayments

Jay Maynard posted a link to an advert from Moveon.org that illustrates how our children will have to pay off the government's debt. The trouble with this argument is that it concentrates on the movement of money instead of the movement of resources. This way of thinking can lead to all sorts of mistakes. If the government borrows a trillion dollars, the argument goes, that is a trillion doll...

At a very pleasant party in a snowy Chelsea, London on Saturday evening, I got chatting to a Greek man who has been living in the UK since 1985 and as I suppose was inevitable, the subject of Greece's financial disaster came up. He and I agreed that the policymakers and various others who deceived their country into the euro should be put into jail. But then again, one of the problems of mode...

German Finance Minister looking at ways to circumvent constitutional debt brake

Next ECB long term lending operation could reach ???1 trillion; Borrowing costs skyrocket as markets begin to question Portugal???s debt sustainability

Do long as the banks do not lend this situation will persist. Bank lending has been the way we’ve made the money that the country needs to keep the economy going. As long as banks don’t lend, and that looks likely to be for some time to come since without an increase in one of

Romney should take on the mortgage-industrial complex, confident in the knowledge that the facts are on his side, writes Sebastian Mallaby

The sum of £8bn encompasses the sum the government has had to write off and the interest it has to pay on the stock of debt it holds

To summarise the current UK position, ‘demand management’ is out (no money left and anyway it didn’t work), so growth must come from supply-side measures (excluding subsidies or protectionism), and from ‘natural’ private sector growth (born of financial stability and debt reduction). With the peculiar separation in the UK which has evolved between ...

Expect £75 billion next week. That will be £350 billion in all of Quantitiative Easing. The outcome is simple: another £75 billion of government debt will be purchased by the Bank of England. And as I explained last week, this debt will never be resold.