October’s manufacturing surveys suggest Europe was slipping into recession even before the latest twist in the euro-zone crisis, while the rest of the world experienced low but positive growth. As the...

The G20 leaders’ summit this week will be an exercise in damage limitation. The agenda has been completely over-taken by the euro crisis, where there is no agreement on the role non-euro-zone...

The immediate fall-out from a Greek default should be manageable and much less damaging than that which followed the collapse of Lehmans, even if it does count as a “credit event”. However, this...

While there are no direct historical parallels with the current situation in Europe, a review of past experience suggests policymakers may need to resolve the euro-zone’s sovereign debt crisis...