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Larry Elliott

Cracks showing in economic crust

Reading the International Monetary Fund's half-yearly global financial stability review feels similar to watching smoking volcanoes.

Greece’s creditors are still digging their own graves

By lending Greece money, eurozone members bear some responsibility for the plight of the beleaguered country.

Stakes high as US plays oil card

A ploy to soften up Russia and Iran might inflict collateral damage on its own shale industry.

Belgium wins World Cup of poverty gaps

If financial equality determined the tournament outcome, then Latin America wouldn't stand a chance.

Our next financial crisis – due in 2015

Financial crises come round every seven years or so – if history is a guide, the next crisis should come along some time soon.

IMF cuts growth forecasts as global economic expansion slows

Global economic growth rates will fall this year, with the International Monetary Fund revising down its forecasts for 2013 and 2014 accordingly.

Triple whammy will sink the euro

Unemployment has been up by 95 000 in April and, if the trend continues, an unenviable milestone will be reached by Christmas.

Central banks go for bust

There have been only a handful of occasions when a decline has been seen equivalent to the May 22 sell-off in Tokyo.

IMF: World economy risks new phase of financial crisis

The IMF has warned that the repair job on the world's financial system is partly completed and failure to finish it risks a new phase for the crisis.

US urges Europe to substitute growth for austerity

Portugal is heading towards its second international bailout.

Time to ditch the euro

The dismal failure of Europe's monetary union means it should be abandoned to save countries.

The miracle economy is a misnomer

Germany is not just Europe's biggest economy and the message from the eurozone's paymaster is simple: if we can do it, so can you.

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