A no vote could cripple us in European talks

The latest global economic prognosis from the OECD does not make for reassuring reading.

It paints a picture of a global economic outlook, or at least the developed part of the world, that will be quite depressed over the next couple of years.

It is predicting recovery, but the recovery is expected to be quite muted, particularly in the eurozone. Based on the current unsustainable level of government debt and the still very fragile nature of the global banking system and the consequent scarcity of credit, recovery was always going to be a slow and difficult affair.