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Larry Elliott

Cracks showing in economic crust

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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

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

Stakes high as US plays oil card

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

Belgium wins World Cup of poverty gaps

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

Our next financial crisis – due in 2015

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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

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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

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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

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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

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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

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Portugal is heading towards its second international bailout.

Time to ditch the euro

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

The miracle economy is a misnomer

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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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