A leading economist has said there is "little basis" for "fear-mongering" over the economy of an independent Scotland.

One of America’s foremost economists has castigated the Government’s relentless austerity and said the operation of the euro is being run solely in the interests of Germany, to the detriment of Europe.

In May, as the eurozone veered deeper into crisis, the Nobel Prize-winning economist Paul Krugman penned one of his gloomiest columns in the New York Times entitled “Apocalypse Fairly Soon”.

IT DOESN’T reach quite the readership of Time, but The New Yorker magazine matters, too.

Three decades ago, British prime minister Margaret Thatcher was confronted with a nation bordering on irrelevance, a stagnant economy and a set of entrenched beliefs about the relationship between the government and the people.

Europe is on an economic and political suicide mission, billionaire George Soros and Nobel laureate Paul Krugman are warning.

JUST a week before the budget, the Nobel Prize- winning economist, Paul Krugman, has again criticised the economic policy of forcing more austerity on the Irish people.

THREE years ago he described Ireland as a “riches to rags” story. Now one of the world’s foremost economists hails our increase in exports and growth — albeit in typical tongue-in-cheek style.

BY THE time you read this, America’s two big political parties may have done a deal on the economy.

ICELAND is warning Ireland and Greece not to copy its recovery model, even though the Atlantic island managed a return to international debt markets less than three years after letting its banks default on $85 billion (€58bn).

FROM an Irish perspective outgoing president of the ECB Jean-Claude Trichet would not be regarded as our greatest ally. However, Central Bank governor Patrick Honohan described him as a “true friend of Ireland” when he launched the bank’s 2010 annual report on Monday last.

Embattled British Prime Minister Gordon Brown won some backing from a Nobel Prize-winning economist today, who said the UK economy looked to be faring the best in Europe.

THE winner of the 2008 Nobel Prize in Economics warned it would take five years before we get back to average EU growth.

Nobel economics prize winner Paul Krugman today said the troubled US auto industry will "probably disappear" as a result of the geographical forces he described in his award-winning analysis.

PAUL KRUGMAN, a New York Times columnist and harsh critic of the Bush administration, has won the Nobel economic prize for his analysis of how economies of scale can affect trade patterns and the location of economic activity.

American Paul Krugman won the Nobel economics prize today for his analysis of trade patterns and location of economic activity.