After three days of intense discussions, Antonis Samaras was finally sworn in as Prime Minister of the new-look Greek coalition government yesterday. The New Democracy party eventually reached agreement with the Pasok and Democratic Left groups, and Samaras vowed: “With God’s help we will do everything we can to take...

The UK CPI figures came in lower than expected. Inflation was generally expected to be stay at 3%, but instead fell to 2.8%. This is the lowest it has been since November 2009 and the first time it has fallen below 3% in nearly two and a half years.

The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Just as the eurozone caught its breath from the Greek election result, the market’s focus rotated to Spain where borrowing costs surged to an unsustainable level. Spanish 10-year bond yields hit a euro-era high of 7.13% as investors feared Spain may become the fourth euro member to need a bailout, despite the recent...

The pro-bailout and hence pro-euro New Democracy party narrowly won the Greek election, although with only 30% of the vote, not with a majority. A coalition government will still have to be formed. With the anti-bailout SYRIZA party winning 27% of the vote many are predicting that the unstable political situation in Greece has simply been extended.

As the Greek election looms this weekend, policy makers from around the world intensified warnings that the Eurozone’s failure to sort out the debt crisis threatens to derail the global economy. Monetary policy makers spoke as the G20 leaders prepare to meet in Mexico next week giving investors more hope of some major...

US Retail Sales for May were weaker than expected, reinforcing the impression that momentum in the US economy has slowed since the start of the year. The evidence that the US economy is slowing may nudge Federal Reserve policymakers into action as they consider steps to provide additional monetary stimulus at next week's FOMC...

The UK manufacturing sector is slowing more sharply than expected, falling by 0.7% in April on the previous month. This latest release leaves manufacturing output 2% below the recent peak set in May 2011 and still 9% below its pre-crisis peak. A double dip in activity is clearly evident.

Investors still remain nervous despite the 100 billion recapitalisation package for the Spanish banking sector. In fact we saw Spanish bond yields rise to around the 6.5 percent mark yesterday. We also heard comments from the Bank of England that more stimulus was likely to bolster our own economy.

Spain became the fourth euro member to seek a bailout since the start of the region’s debt crisis more than two years ago with a request for as much as €100 billion to rescue its banks. Just seven months after winning a landslide victory, the Spanish government was forced to abandon its bid...