Mario Draghi cannot launch QE without German political assent

It is surely wishful thinking to suppose that the ECB is ready to launch full-fledged QE at its meeting this week, given its political make-up

Nobel economists say policy blunders pushing Europe into depression

German Chancellor Angela Merkel defends eurozone and says it is hard to manage a currency for 18 states

Italy's Renzi must bring back the lira to end depression

It is an incontrovertible fact that Italy’s 14-year disaster coincides with EMU membership

France rebels against austerity as Europe's recovery collapses

France’s finance minister sends tremors through European capitals with a defiant warning that his country would no longer try to meet deficit targets

Oil industry on borrowed time as switch to gas and solar accelerates

There may be little point battling icebergs to drill in the Arctic, or in trying to extract oil from the ultra-deepwater fields in the mid-Atlantic, beneath layers of salt, three kilometres into the Earth

HOME»FINANCE»OIL PRICES Petrol prices expected to fall after Saudis open the oil taps

Joy for motorists after the cost of a barrel of crude oil reached its lowest level this year thanks to a glut of crude from Saudi Arabia

Russia vulnerable as oil prices hit nine-month low on IEA 'glut' warnings

Stockpile creates extra layer of protection against any possible supply shock from Russia and Iraq

Oil and gas company debt soars to danger levels to cover shortfall in cash

Energy businesses are selling assets and took on $106bn in net debt in the year to March