Spanish rescue draws closer as Cyprus buckles
“A bail-out would not be the apocalypse,” said José María Beneyto, foreign affairs spokesman in Spain’s parliament. “You have to live with it. We have got to escape this or we’ll go mad worrying about...
View ArticleThe euro now equals poverty and deflation
To grasp the sheer unfairness of the euro system, consider Slovakia. For a few days last October, this nation of five million defied the might of Brussels. Its MPs refused to approve the bail-out fund,...
View ArticleCyprus storm clouds blight post-budget outlook
MORNING BRIEFING – By Benedict Brogan (Daily Telegraph). Good morning. Forget for now the claims and counter-claims swirling around the Westminster Village following Wednesday’s Budget – the crisis in...
View ArticleCyprus: they make a desert and call it peace
And the grand mufti of financial and economic policymaking wonder why people have lost all faith in them. This is what Christine Lagarde, managing director of the International Monetary Fund, had to...
View ArticleCypriot deal sets dangerous precedent
MORNING BRIEFING – By Benedict Brogan (Daily Telegraph). Good morning. Overnight, a deal has been reached in Cyprus (follow our live coverage here). An agreement which will secure €10bn of bailout...
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