Ambrose Evans-Pritchard

Mieux vaut tard que jamais… le mea culpa du FMI

Le FMI admet une désastreuse histoire d’amour avec l’euro et présente ses excuses pour l’immolation de la Grèce

World index of economic freedom tells us that EU should be broken up

The startling finding of the Heritage Foundation index for 2016 is how chronically 'unfree' the European Union still is

RBS cries 'sell everything' as deflationary crisis nears

Clients told to seek safety of Bunds and Treasuries. 'This is about return of capital, not return on capital. In a crowded hall, exit doors are small'

Eurozone crosses Rubicon as Portugal's anti-euro Left banned from power

Constitutional crisis looms after anti-austerity Left is denied parliamentary prerogative to form a majority government

Revenge of the Sovereign Nation

And as my old friend Gideon Rachman at the FT writes this morning: the Greek vote is “a hammer blow aimed at the most sensitive spot of the whole European construction – its lacks of popular support and legitimacy.”

Germany slams 'stupid' US plans to boost EU rescue fund

The danger for Germany is that America will lose patience, with unpredictable consequences. The US Federal Reserve is currently propping up the European banking system in a variety of ways, including dollar swaps.