Author Archives: Larry Elliott
17th November, 2012
Three reasons to fear the future
IT’S official. The eurozone has entered a double-dip recession after recording a 0.1 per cent contraction in the third quarter of 2012.
IT’S official. The eurozone has entered a double-dip recession after recording a 0.1 per cent contraction in the third quarter of 2012.
6th November, 2012
Will economic woes sink Obama?
The Great Recession has been hard on world leaders. Gordon Brown, Nicolas Sarkozy and Silvio Berlusconi are all history. Angela Merkel has her date with destiny next autumn, and Barack Obama has his on Tuesday.
The Great Recession has been hard on world leaders. Gordon Brown, Nicolas Sarkozy and Silvio Berlusconi are all history. Angela Merkel has her date with destiny next autumn, and Barack Obama has his on Tuesday.
25th July, 2012
Spanish bailout now inevitable
POLICY in Europe is all about playing for time. The big-picture ideas for saving the single currency will take years, not months, to come to fruition — but the threat of collapse is immediate.
POLICY in Europe is all about playing for time. The big-picture ideas for saving the single currency will take years, not months, to come to fruition — but the threat of collapse is immediate.
9th July, 2012
Confidence key to lasting global economic recovery
LONDON, July 8: The fifth anniversary of the start of the financial crisis is approaching and is being marked by concerted action to prevent a fresh downward lurch in the global economy. Interest rates
LONDON, July 8: The fifth anniversary of the start of the financial crisis is approaching and is being marked by concerted action to prevent a fresh downward lurch in the global economy. Interest rates
26th June, 2012
Eurozone austerity hits world’s poor
THE flow of aid from Europe to the world’s poorest countries fell by 700m euro in 2011, the first drop for almost a decade as the crisis in the single currency caused 14 member states to cut development assistance.
THE flow of aid from Europe to the world’s poorest countries fell by 700m euro in 2011, the first drop for almost a decade as the crisis in the single currency caused 14 member states to cut development assistance.
16th June, 2012
Europe’s ‘debt storm’
SIR Meryvn King, the governor of the Bank of England, Thursday night announced emergency measures to help banks and boost business lending amid a warning from the chancellor George Osborne that the
SIR Meryvn King, the governor of the Bank of England, Thursday night announced emergency measures to help banks and boost business lending amid a warning from the chancellor George Osborne that the
25th May, 2012
OECD’s concern
FAILURE by Europe to ease the pace of its strict austerity programme risks leading to a vicious circle that could put paid to a tentative recovery in the global economy, the Organisation for Economic
FAILURE by Europe to ease the pace of its strict austerity programme risks leading to a vicious circle that could put paid to a tentative recovery in the global economy, the Organisation for Economic
9th May, 2012
Europe’s new crisis
IT happens like this. The election result in Greece means pro-austerity parties lack the parliamentary support and the moral authority to govern.
IT happens like this. The election result in Greece means pro-austerity parties lack the parliamentary support and the moral authority to govern.
28th April, 2012
Smaller states as ‘rising stars’
THEY lack the size of China or India. Many have to import natural resources. They have yet to be given a snappy label such as the BRICS. But Chile, Tunisia, Taiwan, Jordan and Kazakhstan have been
THEY lack the size of China or India. Many have to import natural resources. They have yet to be given a snappy label such as the BRICS. But Chile, Tunisia, Taiwan, Jordan and Kazakhstan have been
3rd April, 2012
UK’s north-south divide
YOUTH unemployment in Bradford, northern England, is double the UK average. The city is the third most affordable place in Britain to buy a home.
YOUTH unemployment in Bradford, northern England, is double the UK average. The city is the third most affordable place in Britain to buy a home.
27th March, 2012
Confidence returns
IT all started when stock markets around the world tumbled in October 1987. After seeing the Dow Jones index fall by more than 500 points in a single day, the then-chairman of the Federal Reserve cut interest rates
IT all started when stock markets around the world tumbled in October 1987. After seeing the Dow Jones index fall by more than 500 points in a single day, the then-chairman of the Federal Reserve cut interest rates
13th March, 2012
UK recovery too slow
BRITAIN has slipped behind Brazil in the global economic league table. The Bank of England has now kept the official cost of borrowing at 0.5 per cent for three years and is part way through a third dose of electronic money creation.
BRITAIN has slipped behind Brazil in the global economic league table. The Bank of England has now kept the official cost of borrowing at 0.5 per cent for three years and is part way through a third dose of electronic money creation.
12th March, 2012
Greek deal not the end of story
IT could have been a disaster. Had Greece’s private-sector creditors convincingly rejected the idea of exchanging their old bonds for much lower value new bonds the skies would have fallen in. Financial markets
IT could have been a disaster. Had Greece’s private-sector creditors convincingly rejected the idea of exchanging their old bonds for much lower value new bonds the skies would have fallen in. Financial markets
21st February, 2012
Greece may abandon the euro
THERE’S a scene in The Lord of the Rings where the wizard Gandalf confronts the Balrog, a hellish monster, on a narrow bridge in the Mines of Moria.
THERE’S a scene in The Lord of the Rings where the wizard Gandalf confronts the Balrog, a hellish monster, on a narrow bridge in the Mines of Moria.
18th February, 2012
Gates backs anti-graft laws for third world
Bill Gates is putting pressure on the Obama administration to prevent major US energy companies from neutering legislation aimed at stamping out corruption in developing countries
Bill Gates is putting pressure on the Obama administration to prevent major US energy companies from neutering legislation aimed at stamping out corruption in developing countries
17th February, 2012
Eurozone economy shrinks
THE eurozone economy contracted in late 2011 for the first time since the depth of the global recession as the struggle to save the single currency took its toll on growth across the 17-nation region.
THE eurozone economy contracted in late 2011 for the first time since the depth of the global recession as the struggle to save the single currency took its toll on growth across the 17-nation region.
31st January, 2012
Losing at Global Apocalypse
IMAGINE the world economy as a video game, one observer said. You have to complete a number of stages before you win, and the idea is to dodge all the bad stuff that can come at you at any moment
IMAGINE the world economy as a video game, one observer said. You have to complete a number of stages before you win, and the idea is to dodge all the bad stuff that can come at you at any moment
13th December, 2011
EU crisis: hopes of recovery recede while recession looms
LONDON: A year ago, it was assumed 2011 would see life return to normal. Europe would sort out its little local difficulties
LONDON: A year ago, it was assumed 2011 would see life return to normal. Europe would sort out its little local difficulties
12th December, 2011
Europe blunders into blind alley
EUROPE is sleepwalking into a prolonged depression. The prospect of 2012 seeing the start of the break-up of the eurozone is a real one
EUROPE is sleepwalking into a prolonged depression. The prospect of 2012 seeing the start of the break-up of the eurozone is a real one
4th December, 2011
Loss of sovereignty will be hard
If any country in the European Union has historical reasons to fear the consequences of handing greater power to Germany it is Poland
If any country in the European Union has historical reasons to fear the consequences of handing greater power to Germany it is Poland
