Ambrose Evans-Pritchard
Mieux vaut tard que jamais… le mea culpa du FMI
Le FMI admet une désastreuse histoire d’amour avec l’euro et présente ses excuses pour l’immolation de la Grèce
World index of economic freedom tells us that EU should be broken up
The startling finding of the Heritage Foundation index for 2016 is how chronically 'unfree' the European Union still is
RBS cries 'sell everything' as deflationary crisis nears
Clients told to seek safety of Bunds and Treasuries. 'This is about return of capital, not return on capital. In a crowded hall, exit doors are small'
Eurozone crosses Rubicon as Portugal's anti-euro Left banned from power
Constitutional crisis looms after anti-austerity Left is denied parliamentary prerogative to form a majority government
IMF stuns Europe with call for massive Greek debt relief
'There would have to be a very dramatic extension with grace periods of 30 years on the entire stock of European debt,' the fund says
Revenge of the Sovereign Nation
And as my old friend Gideon Rachman at the FT writes this morning: the Greek vote is “a hammer blow aimed at the most sensitive spot of the whole European construction – its lacks of popular support and legitimacy.”
Germany slams 'stupid' US plans to boost EU rescue fund
The danger for Germany is that America will lose patience, with unpredictable consequences. The US Federal Reserve is currently propping up the European banking system in a variety of ways, including dollar swaps.