Pimco chief Mohamed El-Erian expects 'second Greece’ in Portugal   Mohamed El-Erian, Pimco’s chief executive, said Portugal will need a second rescue as the original package of €78bn (...

  Mario Draghi fears Italian debt spiral   "We must act fast. The sorts of interest rate rises seen over the last three months, if protracted, could lead to an uncontrollable spiral," said Mar...

  Euro bail-out in doubt as "hysteria" sweeps Germany   German Chancellor Angela Merkel no longer has enough coalition votes in the Bundestag to secure backing for Europe's revamped rescue mac...

  Europe's money markets freeze as crisis escalates in Italy and Spain   The European money markets have begun to seize up as pressure mounts on the Italian and Spanish banking systems, tracki...

  Angela Merkel faces revolt in Germany over rescue deal   German Chancellor Angela Merkel is facing a storm of protest at home after yielding to EU calls for radical action to shore up Spain ...

  German 'Nein' leaves Italy and Spain in turmoil   Chancellor Angela Merkel called for more "frugality" in Italy, sticking to her script that Rome can solve its woes with an austerity budget....

  Flat-Earth European Central Bank misreads oil spike again, and kicks Spain in the teeth   The European Central Bank has once again risen to the bait. Faced with an oil supply shock that defl...

  Will 'Chindia' rule the world in 2050, or America after all?   With a small tweak in assumptions and the inexorable force of compound arithmetic, Citigroup and HSBC have come up with radical...

  The International Monetary Fund (IMF) has issued its clearest warning to date that the latest US fiscal stimulus is ill-judged   The IMF said the US economy was enjoying a short-term spike a...

  SocGen crafts strategy for China hard-landing   The French bank has told clients to hedge against the danger of a blow-off spike in Chinese growth over coming months that will push commodity...

  Italy's debt costs approach red zone   Italy's borrowing costs have jumped to the highest level since the financial crisis over two years ago, raising concerns that Europe's biggest debtor m...

  Pimco says 'untenable' policies will lead to eurozone break-up   Andrew Bosomworth, head of Pimco's portfolio management in Europe, said current policies are untenable in the absence of fisc...

  The EU-IMF rescue for Ireland has failed to restore to confidence in the eurozone debt markets, leading instead to a dramatic surge in bond yields across half the currency bloc   "The crisis...

Portugal next as EMU's Máquina Infernal keeps ticking   The Portuguese seemed baffled - and pained - that investors should link their country in any way with Greece or Ireland. I am afraid they ...

  Angela Merkel consigns Ireland, Portugal and Spain to their fate   Germany has had enough. Any eurozone state that spends its way into a debt crisis or cannot adapt to a monetary union set f...

Currency wars are necessary if all else fails   The countries actively intervening in exchange markets to suppress their currencies – China, Japan, Korea, Thailand, even Switzerland, to name a ...

Gold is the final refuge against universal currency debasement   States accounting for two-thirds of the global economy are either holding down their exchange rates by direct intervention or stee...

Fresh flight to Swiss franc as Europe's bond strains return Yields on 10-year Swiss bonds fell to 1.02pc as investors flocked into the ultimate safe-haven asset, now outperforming gold. No coun...

Kina og USA strides om vekslingsforholdet til den kinesiske valutaen RMB The yuan dropped at the fastest pace in almost two years last week and is now 1.8pc lower against a basket of currencies tha...

Bank of England "surprise" at the recent the jump in British inflation Some might smile at the Bank of England "surprise" at the recent the jump in Brtiish inflation. Across the Atlantic, Fed cr...