Phillip Inman

latest news & developments
The Doha round of talks

Concessions to India finally clinch global trade deal

Anti-poverty groups condemn the first global trade deal since the creation of the World Trade Organisation.

Europe’s digital euro has got off to a late start in terms of geopolitical leverage in the digital era. Photo: File

EU frets over jobless youths

The eurozone’s youth unemployment rate worsened last month to reach a new record high of 24.4%.

Britain’s Chancellor of the Exchequer George Osborne

UK’s new central bank boss has clout

The UK’s finance minister, George Osborne, has sprung a surprise by putting Canada’s central bank chief in charge of the Bank of England.

A government suggestion to cut 50 000 jobs in Spain’s public sector as part of its austerity measures has been met with protests from senior ministers and the public.

Spain slashes spending in bid to head off bailout

Spain has crept closer to a bailout as the government leaked plans to cut pension spending.

Greek Finance Minister Yannis Stournaras said a decline in tax revenue and spiralling unemployment would deepen the country’s four-year recession.

Greeks make big stink of austerity effect

The Greek economy is on the verge of a 1930s-style Great Depression, as the Athens government predicts a 25% fall in gross domestic product by 2014.

Martin Sandbu

Professional class drags down Greece

There is one good reason for Greece to stay in the euro: to combat corruption. The country is riddled with it.

After an election that pushed Greece’s pro-euro parties into a minority

Likely economic scenarios for Greece

After an inconclusive election in Athens, these are some economic scenarios and their likely impact on the Eurozone.

Profligate regions turn to Madrid

Senior officials in Spain have believed that some areas will have no option but to turn to the central government for bailouts.

Brazil pays for its popularity

Brazil pays for its popularity

Success is threatening to become a problem for Brazil.

Jobs shock puts pressure on EU

Jobs shock puts pressure on EU

Developments in Spain and Portugal demand urgent attention.

MPs in standoff over severe cuts

MPs in standoff over severe cuts

Talks appear to be stalling between EU, IMF negotiators and Greek officials.

The second coming of the recession

European leaders were confronted this week by the ugly prospect of a second recession in three years.

Italy poised on the edge

The European Central Bank is under pressure to open the money taps to help Italy, which is struggling to fund its debts through the private markets.

Report could lead to France’s downgrade

France on Tuesday slumped to 13th place in a eurozone league table of financial security.

Terrifying cost of quitting euro

Greece or Portugal would lose up to 50% of their national income if they quit the euro, according to research by analysts at Swiss investment bank UBS