The policy of austerity is finally dying with Europe and even the monetarist IMF realising their folly recently. With its intellectual justification in tatters this government’s economic policies must change right now.
The policy of austerity is finally dying with Europe and even the monetarist IMF realising their folly recently. With its intellectual justification in tatters this government’s economic policies must change right now.
the threads of forbearance and liquidity holding up the balance sheets of the private banking system are growing perilously thin, writes Ann Pettifor.
Packman looks at the findings that the boom before the bust was caused by growth in the consumer credit market, and asks what happens when it inevitably fails.
Investors do not trust a banking sector grown drunk on bonuses - one of the reasons why we are facing a new credit crunch, writes Cormac Hollingsworth.
Ben Fox writes about the latest crisis of the Eurozone, which is looking increasingly like a second credit crunch, but argues that solvency must still be the aim