The credit crunch was an accident waiting to happen, thanks to a long period of benign market conditions which encouraged riskier behaviour by financiers. But how did problems in the US mortgage...

A panel of supporters and sceptics agree that Emu will get off to a flying start. They also agree that it represents a significant sacrifice of sovereignty. But what about its longer-term prospects?...

An obscure economic dispute between Metallists and Cartalists reveals an unnoticed difficulty with Emu. Charles Goodhart, a leading financial economist, says that crises in the foreign exchange...

In December Europe's national leaders meet in Madrid to prepare for the 1996 inter-governmental conference. Monetary union will be high on their agenda. As differences widen over the likelihood,...