Eurozone in crisis

Excellent graphic from the BBC comparing key macroeconomic variable for eurozone countries.

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We have a new government!

It has been a remarkable few days since the general election. With a hung parliament threatening great instability, the Conservatives and Liberal Democrats have finally tied the knot in a new departure for British politics. But what does this mean for the economy? Initial indications are that the deficit reduction plan will push ahead sooner rather than later, but the Tories may give some ground in areas such as inheritance tax. The exact composition of the cabinet is still to be decided but one thing is certain - Labour are out of office. Gordon Brown has resigned not only his premiership, but also his leadership of the Labour party. Probably the biggest question remains to be answered - is it possible for the right and left extremes of both parties to work towards a common goal? There are certainly significant areas of policy divide, but a new fixed term arrangement may help bring some stablity. Exciting times.

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Global rates tracker

This is a great interactive image from the Wall Street Journal for those with an interest in the international aspect of monetary policy.

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Is Europe about to hit MELTDOWN?

EU ministers have met to agree terms of a financial stability package to prevent Greece dragging Europe into a currency CRISIS.



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