• Rajor Rajoy walks the fiscal tightrope Spain’s new government has announced spending cuts and tax increases worth an estimated EUR 27bn in an endeavour to reduce the gaping fiscal shortfall from 8.5% of GDP at the...
  • Europe must decide urgently Nearly five years into the global credit crunch, you get a feeling for when something has reached the point of no return, when no amount of reassurance, promises or policies...
  • Dollar soars after Greek talks fail News that ongoing talks amongst politicians in Greece have failed to come up with a coalition government and that new elections will need to be called, has triggered renewed fears...
  • Avatar of Marianne Lovejoy
    30 Mar by Marianne Lovejoy
    Last week’s warning from the International Energy Agency (IEA) that the surging cost of oil now represented a bigger risk for global growth than the European sovereign debt and banking crisis did not generate the publicity it deserved. Brent crude has jumped by 17% this year to USD 126 a barrel, essentially matching the high achieved a year ago; in...
  • Avatar of Marianne Lovejoy
    22 Mar by Marianne Lovejoy
    There can be little question that the cycle has turned for the Aussie. In 2009 and 2010, it seemed as though the Australian currency could do no wrong. Last year, the AUD still attracted a great deal of buying interest from multiple sources, especially those who were concerned by the deliberate debasement of the major currencies by their respective central banks....