commentary

The financial markets don't know which way to look. On either side of the Atlantic we have a debt disaster that would on its own be a recipe for short fingernails or worse. But despite Monday's headlines, it is Europe that presents the far greater risk to the global economy. more...

The eurozone, as designed, has failed. It was based on a set of principles that have proved unworkable at the first contact with a financial and fiscal crisis, according to the FT. more...

If in doubt, blame speculators. That has been the popular political mantra in recent years whenever commodity and energy prices have soared. And events have now poured more fuel on the fire., according to the FT. more...