Fierce German resistance to helping crisis-hit Greece has emerged in a Financial Times opinion poll that strengthens the hand of Angela Merkel, the Chancellor, hand before a possible European showdown this week over financial aid for Athens

The economic crisis provoked by the ‘credit crunch’ a year ago has created fear and panic, writes Sadie Robinson, but there can be an alternative

If you thought the banking crisis was over, think again. That was the message taken to Downing Street yesterday. Robert Shapiro, an economic adviser to Barack Obama's campaign and former US under secretary of commerce for economic affairs warned Team Brown to prepare for further shocks to the financial system. His fear is that the underlying cause of the economic crisis - the collapse of the ...

In the British media, no-one has ever gone cap-in-hand for anything except Dennis Healey in 1976 to the IMF (who is never described as going in any other way). Until now, that is, when Gordon of Harry's Place says: Norway [has gone] cap in hand to the US Federal Reserve for a £2.9 billion lifeline The mind boggles. Norway, with a sovereign wealth fund with hundreds of billions of dollar...

The economy is a double-edged sword On one hand this economy is painful for just about every American, with the immediate economic prospects not looking all that great. At least at this point. On the other hand it is this very economy that might present the best chance the country has to get Obama out of the White House in 2012! With a current GOP field that continues to look anemic at best, a cra...

Liberal Democrat Leader, Nick Clegg has warned that the financial crisis could become an “economic 9/11”. During a speech to the IPPR think-tank at Canary Wharf, Mr Clegg said that the consequences of the banking crisis could breed conflict and instability and push democracies into narrow nationalism. He said: “In our world, economic strength is power. We do not yet know, when th...

VOTES for next May's Scottish Parliament elections will be counted by hand after more than 140,000 ballot papers were spoiled in the 2007 Holyrood poll when electronic cou

Readers may be familiar with the so called no-bailout clause and the prohibition against monetary financing of government expenditure, but on the other hand the European Union can assist member states with balance of payments problems. During the financial and economic crisis these provisions are far from mere abstractions, and for those who want to look deeper into the issues, an opinion of the E...

Some investors a new financial crisis is at hand. There are good arguments for fear, but there are also reasons for hope

Via The Financial Times:The US Federal Reserve on Tuesday took a first step toward extending its crisis-era monetary policy regime, as it downgraded its view of the economic outlook amid rising fears of a “double-dip” recession. I expect the Bank...