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Acropolis now?

9 November 2011

It would be difficult to conceive a fictional plot with as many jinks and turns as the saga of politics and economic policy in Europe in recent months.

Another false summit?

27 October 2011

The past 18 months have seen a blur of inconclusive and fractious conferences on the problems of Europe’s single currency.

Tea Party –Mad Hatter’s or Boston?

28 July 2011

In the US, the Boston Tea Party is viewed as a heroic protest by American colonists against the taxes imposed on tea by a British government

Brinkmanship or Russian roulette?

13 July 2011

There is little dispute that there is a solvency issue for some European governments – they have too much debt for any plausible mix of tax rises,

Alas poor Doric

14 June 2011

The financial columns don’t add up for Greece and the political rows don’t make a lot of sense either. Europe’s management of the sovereign debt crisis has

The German Seagull

15 April 2011

A leading attraction at this year’s Hanover industry trade fair was a mechanical seagull, which took off every hour, flew to the top of the exhibition centre and then came back to roost.

Currencies can damage your wealth

14 March 2011

Left to their own devices, currencies are useful mechanisms for compensating for economic policies or events which significantly change the relative performance

Deflationary inflation

22 February 2011

A recent visit to the Far East left me with three principal impressions. The first was the optimism about economic prospects from managers looking at the continental Asian economies