Suggestions that China or Russia might come to Greece’s rescue are wishful thinking as it is not in the economic or political interests of either country to do so. Nor is it likely that the US will...

It is often claimed that the world is “awash with debt” and that there has been little, if any, progress with deleveraging since the global financial crisis. But in reality, the picture is more mixed...

With Greece once more dominating the headlines, officials from the US and elsewhere are likely to have used the G20 meeting in Istanbul to urge euro-zone governments to do all they can to prevent the...

If they are sustained, the recent sharp falls in government bond yields will be most helpful for the fiscal positions of southern euro-zone countries such as Italy and Spain. But along with Japan...