Recent Blogs




Euro area post-Cyprus: Re-pricing of risks

The Cypriot bailout is likely to mark a new turning point in the euro area’s debt crisis. Akin to the declaration of Deauville in October 2010, when German Chancellor Merkel and then French President Sarkozy first threatened private creditors...

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UK banks – Safety first

Hopes that a recovery in [productive] bank lending will help kick start the UK’s faltering economy have been dealt a further setback by today’s recommendations from the Financial Policy Committee...

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Cyprus: A dark future within the euro area

We have a deal. After another memorable weekend in the so-far short but fateful life of the single currency, Cyprus and the Eurogroup finally reached an agreement on a package that...

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It’s the euro that needs a solidarity fund

Developments in Cyprus over the past week suggest that the key lesson euro area policymakers took away from the messy Greek bailout is that they should no longer underwrite a deal that doesn’t resolve a country’s debt position once and for all...

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The madness of Chancellor George

No Chancellor in the past 100 years has delivered his fourth Budget having presided over a worse growth performance than George Osborne did today. The economy is just 0.7% larger than when he took office...

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