Wen Jibao’s comments to the BBC about the euro crisis dramatise the shift in economic power from west to east. Jibao remarked that: “Trust is more important than currency and gold and now, during the debt crisis, we again bring trust to Europe. "I have total trust in Europe's economic development”. But China’s role in the euro crisis is far less problematic than R...

Watch below two comments on Europe’s reaction to the widening banking crisis.

The sovereign debt crisis in Europe should not be connected with the German economic policies alone as it has the characteristics of a systemic crisis caused by the lack of economic and fiscal governance, says Ernst Stetter from Foundation for European Progressive Studies More »

This is not a sovereign debt crisis at heart, but a banking crisis and a crisis of policy co-ordination failures, writes Wolfgang Münchau

Political leadership in Washington and Western Europe has suffered "paralysis" in the face of the financial crisis, says UK Justice Secretary Ken Clarke.

With the debt crisis that is slowly spreading around Europe, with the ongoing Greek crisis, Hungarian officials warning about the risk of a crisis there, and still worries about inter alia Spain, the European Union, pushed by Germany is on another power grab. States can sometimes be less than fully candid about the true states

It is instructive, as one of our forum members wrote, that the first serious foray of the admirable Centre Right blog into the "energy crisis" elicited only two comments. The more recent energy-related post on the main Conservative Home blog did somewhat better, with 34 comments, but this post did not address the energy crisis, as such. Rather, it dealt with the somewhat asinine comments of shadow...

GLOBAL stock markets have tumbled this week and the euro has fallen to a four-year low against the dollar due to continuing concerns about Europe's debt crisis and the fut

"The time has come for Europe to take the lead by introducing collective international action and regulation" to tackle the food crisis, argues French Agriculture Minister Michel Barnier in the autumn edition of Europe's World.

The crisis in which we find ourselves is not a crisis of the capitalist class, much less a crisis of the capitalist mode of production. Nor is it even a crisis of neoliberalism. It's a crisis of the working class, plain and simple. What's in store for us, especially in the United States (where the working class has virtually ceased industrial action), is "a dramatic pro-capital redistrib...