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EU rejects call to limit food imports

Financial Times - France and Brussels clashed over the future of farming on Monday, with the European Commission dismissing French calls to curtail food imports as self-defeating and backward-looking.

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Lest We Forget

NY Times, by Paul Krugman - For once the economy is on the road to recovery, the wheeler-dealers will be making easy money again — and will lobby hard against anyone who tries to limit their bottom lines. Moreover, the success of recovery efforts will come to seem preordained, even though it [...]

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Get out and spend

Financial Times - EU rules on budget deficits will have to be relaxed, but not all countries can afford to breach the limit of 3 per cent of GDP by much. Yields of 10-year Italian and Greek government bonds still trade more than 100 basis points above German ones. This highlights why [...]

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Taxpayer now owns nearly 60% of Royal Bank of Scotland

Guardian - Royal Bank of Scotland, Britain’s second biggest bank until the credit crunch struck last year, confirmed today that is now majority-owned by the taxpayer after a £20bn bail-out by the government. The Edinburgh-based bank announced this morning that its existing investors had shunned its £15bn cash call, leaving almost all the [...]

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