THE right-wing characterisation of those fighting against Europe’s austerity agenda as dim-witted profligates was dealt another blow last week when a study underpinning the slash-and-burn policy was roundly debunked.

In the second of a series on the markets’ downfall, David Young says unfettered borrowing and soft regulation caused the crisis. Political prevarication is deepening it further

EUROPEAN leaders may struggle to maintain the euphoria that drove the euro to its biggest one-day gain in more than a year as scrutiny deepens on their latest attempt to stem the region’s turmoil.

The former IMF economist and Harvard economics professor Ken Rogoff says Ireland is "conspicuously vulnerable" to defaulting on its debt and applying for a rescue from the fund.

IT has gone virtually unnoticed that rising oil prices and a weak dollar have been running in tandem for some time.

The International Monetary Fund slashed its growth estimates for the euro bloc today.

The IMF says it's likely the US will enter a recession following the US terror attacks.