Economics related content 

The costs to the West of war with Iran would pale compared to the costs to the developing world. Debates on the pros and cons of attacking Iran turn, inevitably, to 1973 and...

Innovation rankings show the EU trailing behind the US, Japan and South Korea. Sweden was the highest-ranked EU member state in this year's Innovation Union Scoreboard,...

Negotiations on measures to satisfy EU and IMF on second bail-out to resume Monday. Talks in Greece aimed at securing a new €130 billion international bail-out for the...

Meeting on Greek debt deal that was pencilled in for Monday evening will not happen, says Eurogroup president. The president of the Eurogroup of eurozone finance ministers...

Some people may blame capitalism for the financial crisis, but the blame lies elsewhere. “Capitalism in crisis” was the vogue term being bandied about at the

Fiscal rectitude must be balanced with measures to create jobs and stimulate growth, the European Council agreed tonight. At the conclusion of their summit, the leaders of...

Lagarde identifies the eurozone as biggest threat. The International Monetary Fund (IMF) is involved in a deep, complex and potentially corrosive relationship with the...

Latin America's financial woes led to a ‘lost decade'. The situation in Europe today looks much worse. Turning-points are easy to identify with hindsight, but not in real...

Leaders have gloated over the failings of others' economies – only to see their own economies slip on banana skins. The protracted financial and economic crisis discredited...

Economists fail to appreciate adequately that people are fundamentally social creatures. Modern macroeconomics often seems to treat rapid and stable economic growth as the...

Country could lose structural funds worth 1.7% of GDP. Hungary stands to lose access to European Union cohesion funds as a penalty for fiscal laxity. The European Commission...

Fitch becomes third big rating agency to downgrade Hungary's creditworthiness. Hungary's credit rating has been cut to junk status by the rating agency Fitch, reflecting a...

Barnier says fees are holding back growth and competition. The fees that banks charge each other for processing payments will be in the firing line as the European Commission...

Rise in French borrowing costs weighs on sentiment. The euro dropped to its lowest rate against the US dollar in 16 months today over fears about the financial health of...

Fund will become operational in mid-2012, but no decision on increasing its lending capacity. The eurozone's permanent rescue fund, the European Stability Mechanism (ESM),...

Amid speculation about the eurozone's impending collapse, it is worth remembering the purpose of creating a single currency. The euro was meant to – and still should –...

Lenders to get ECB help, but no such measures for stricken member states; interest rate cut to 1%. The European Central Bank today announced plans to support cash-strapped...

Our latest version of capitalism has five major weak points. I am often asked if the recent global financial crisis marks the beginning of the end of modern capitalism. It...

There is an obvious step that could be taken to limit legislators' ability to profit from their inside knowledge. Imagine that you are an elected member of the United States...

Any last-ditch plan that EU leaders devise to save the eurozone must involve a greater role for the European Central Bank. At least three times since May 2010, the European...