First published: Daily Mail, 16/05/2010
In global financial markets, even groundbreaking UK politics have been a sideshow. The main event has been the eruption of a fullblown debt crisis in the eurozone that threatened to migrate quickly across the Channel and the atlantic.
A week ago, EU leaders and the IMF were bounced into a crisis meeting to ‘save the euro’, as they put it. Will it work? And what are the implications for our new government?
The new plan created a fund worth €750bn, on top of the €110bn previously agreed for Greece, which could allow Spain, Portugal and Ireland to meet all their borrowing needs….more
