The Captain's Not For Moving: The Full Lagarde Interview
Here, for those who like these things, are the full quotes from our Christine Lagarde interview earlier today.The captain stays with the shipGiven it’s the centenary of the sinking of the Titanic, the...
View ArticleBritain?s IMF Contribution is Least Generous of All
Was George Osborne’s decision to provide $15bn (£10bn) to the International Monetary Fund designed to prevent him having to go to Parliament to vote it through?The Chancellor is adamant that it wasn’t....
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The Moment The Bank of England Predicted The Financial Crisis
The Bank of England did see the crisis coming. It did make noise about it. It did foresee a banking collapse and a house price slump. It did see the recession coming.Given how much criticism the Bank’s...
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UK Can Borrow At Lowest Rate In History - But For How Much Longer?
Today the UK Government can borrow at the lowest rate in recorded history. The interest rate on 10-year government debt slipped quietly below 1.9. This is something that has never happened before – not...
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The Looming European Bank Run
When is a bank run not a bank run?Spain and Greece have, as the charts below will attest, been facing an exodus of cash from their banks for the past year and a bit. Some €50bn of Spanish bank deposits...
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The Euro Is Already Disintegrating
To the naked eye, the euro is still alive. From a financial perspective, on the other hand, it is already pretty much kaput.In just the same way as the currency union was preceded by an invisible rise...
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Lowest Borrowing Rates In History
UK borrowing rates - lowest since William of OrangeIf you're after one striking fact that shows you just how topsy-turvy are the economic times we're living in, perhaps this one will do the trick....
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The Spanish Crisis In Numbers
3The size, in percentage of Spanish gross domestic product, that the country’s deficit needs to get down to in order to appease the European Commission. It’s the main reason the country is facing a...
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Five Nagging Questions About The Spanish Bail-out
-- NB update at bottom --There was a deep exhalation of breath this morning in Madrid. For the initial verdict from markets on the Spanish bank bail-out was broadly positive. The country’s own share...
View ArticleBritain's Multi-billion Pound Euro Break-up Firewall
The Government and Bank of England are putting in place billions of pounds worth of emergency lending facilities for Britain’s banks to prepare them for a Greek euro exit.In two key speeches at the...
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