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	<title>London New Media &#187; Economic</title>
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	<lastBuildDate>Fri, 18 May 2012 06:01:55 +0000</lastBuildDate>
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		<title>Britain and the eurozone: at sea, like everyone else &#124; Editorial</title>
		<link>http://www.londonmediaclub.org/britain-and-the-eurozone-at-sea-like-everyone-else-editorial.html</link>
		<comments>http://www.londonmediaclub.org/britain-and-the-eurozone-at-sea-like-everyone-else-editorial.html#comments</comments>
		<pubDate>Fri, 18 May 2012 03:00:55 +0000</pubDate>
		<dc:creator>londonmediaclub</dc:creator>
				<category><![CDATA[Economic]]></category>

		<guid isPermaLink="false">http://www.londonmediaclub.org/britain-and-the-eurozone-at-sea-like-everyone-else-editorial.html</guid>
		<description><![CDATA[[unable to retrieve full-text content]It is economic events beyond David Cameron's control that will shape the domestic political consequences of the crisisEconomic events beyond his control will do more to shape the domestic political consequences of the eurozone crisis than anything that David Cameron ever says about them. Those events could come in many guises – the election of an anti-austerity Greek government, the collapse of a big Spanish bank, a new sovereign debt crisis toppling banks Read more]]></description>
			<content:encoded><![CDATA[[unable to retrieve full-text content]It is economic events beyond David Cameron's control that will shape the domestic political consequences of the crisisEconomic events beyond his control will do more to shape the domestic political consequences of the eurozone crisis than anything that David Cameron ever says about them. Those events could come in many guises – the election of an anti-austerity Greek government, the collapse of a big Spanish bank, a new sovereign debt crisis toppling banks <a href="http://www.londonmediaclub.org/britain-and-the-eurozone-at-sea-like-everyone-else-editorial.html" class="more-link">Read more</a>]]></content:encoded>
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		<title>Moody&#8217;s downgrades Santander UK along with 16 Spanish banks</title>
		<link>http://www.londonmediaclub.org/moodys-downgrades-santander-uk-along-with-16-spanish-banks.html</link>
		<comments>http://www.londonmediaclub.org/moodys-downgrades-santander-uk-along-with-16-spanish-banks.html#comments</comments>
		<pubDate>Fri, 18 May 2012 03:00:55 +0000</pubDate>
		<dc:creator>londonmediaclub</dc:creator>
				<category><![CDATA[Economic]]></category>

		<guid isPermaLink="false">http://www.londonmediaclub.org/moodys-downgrades-santander-uk-along-with-16-spanish-banks.html</guid>
		<description><![CDATA[[unable to retrieve full-text content]Shares in Bankia, Spain's fourth largest lender, also tumble as rumours spread of depositors withdrawing fundsThe credit rating agency Moody's has downgraded 16 Spanish banks along with Santander's UK arm, citing the Spanish government's reduced ability to shore up the banks.Santander UK, whose rating was lowered to A2 – a notch higher than its Spanish parent – insisted there was no impact on its business and that it was an autonomous subsidiary with 90% Read more]]></description>
			<content:encoded><![CDATA[[unable to retrieve full-text content]Shares in Bankia, Spain's fourth largest lender, also tumble as rumours spread of depositors withdrawing fundsThe credit rating agency Moody's has downgraded 16 Spanish banks along with Santander's UK arm, citing the Spanish government's reduced ability to shore up the banks.Santander UK, whose rating was lowered to A2 – a notch higher than its Spanish parent – insisted there was no impact on its business and that it was an autonomous subsidiary with 90% <a href="http://www.londonmediaclub.org/moodys-downgrades-santander-uk-along-with-16-spanish-banks.html" class="more-link">Read more</a>]]></content:encoded>
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		<title>Austerity will send Greece to hell, warns Alexis Tsipras</title>
		<link>http://www.londonmediaclub.org/austerity-will-send-greece-to-hell-warns-alexis-tsipras.html</link>
		<comments>http://www.londonmediaclub.org/austerity-will-send-greece-to-hell-warns-alexis-tsipras.html#comments</comments>
		<pubDate>Fri, 18 May 2012 03:00:54 +0000</pubDate>
		<dc:creator>londonmediaclub</dc:creator>
				<category><![CDATA[Economic]]></category>

		<guid isPermaLink="false">http://www.londonmediaclub.org/austerity-will-send-greece-to-hell-warns-alexis-tsipras.html</guid>
		<description><![CDATA[[unable to retrieve full-text content]Syriza leader's claims countered by Antonis Samaras, who says Greek government must not abandon reforms or quit euroThe two main figures in what promises to be Greece's most electric election in living memory were on a collision course on Thursday, with one predicting "hell" if Athens adheres to EU-mandated austerity and the other forecasting a "nightmare" if the nation abandons reforms and gives up the euro.Emboldened by yet another poll showing his party's Read more]]></description>
			<content:encoded><![CDATA[[unable to retrieve full-text content]Syriza leader's claims countered by Antonis Samaras, who says Greek government must not abandon reforms or quit euroThe two main figures in what promises to be Greece's most electric election in living memory were on a collision course on Thursday, with one predicting "hell" if Athens adheres to EU-mandated austerity and the other forecasting a "nightmare" if the nation abandons reforms and gives up the euro.Emboldened by yet another poll showing his party's <a href="http://www.londonmediaclub.org/austerity-will-send-greece-to-hell-warns-alexis-tsipras.html" class="more-link">Read more</a>]]></content:encoded>
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		<title>Greek crisis: what happens next?</title>
		<link>http://www.londonmediaclub.org/greek-crisis-what-happens-next.html</link>
		<comments>http://www.londonmediaclub.org/greek-crisis-what-happens-next.html#comments</comments>
		<pubDate>Fri, 18 May 2012 03:00:54 +0000</pubDate>
		<dc:creator>londonmediaclub</dc:creator>
				<category><![CDATA[Economic]]></category>

		<guid isPermaLink="false">http://www.londonmediaclub.org/greek-crisis-what-happens-next.html</guid>
		<description><![CDATA[[unable to retrieve full-text content]A new election looms, with the possible reintroduction of the drachma to followHow would Greece leave the eurozone?Greeks go to the polls again on 17&#160;June after the vote on 6 May proved inclusive. The new election is seen as a referendum on the euro. If the anti-austerity Syriza party wins control and cannot force Germany to relax its opposition to lower and slower cuts, there may be no option but for Greece to leave the eurozone – or be kicked out.So Read more]]></description>
			<content:encoded><![CDATA[[unable to retrieve full-text content]A new election looms, with the possible reintroduction of the drachma to followHow would Greece leave the eurozone?Greeks go to the polls again on 17&nbsp;June after the vote on 6 May proved inclusive. The new election is seen as a referendum on the euro. If the anti-austerity Syriza party wins control and cannot force Germany to relax its opposition to lower and slower cuts, there may be no option but for Greece to leave the eurozone – or be kicked out.So <a href="http://www.londonmediaclub.org/greek-crisis-what-happens-next.html" class="more-link">Read more</a>]]></content:encoded>
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		<title>TV review: The Great Euro Crash with Robert Peston; Tales of Television Centre</title>
		<link>http://www.londonmediaclub.org/tv-review-the-great-euro-crash-with-robert-peston-tales-of-television-centre.html</link>
		<comments>http://www.londonmediaclub.org/tv-review-the-great-euro-crash-with-robert-peston-tales-of-television-centre.html#comments</comments>
		<pubDate>Fri, 18 May 2012 03:00:54 +0000</pubDate>
		<dc:creator>londonmediaclub</dc:creator>
				<category><![CDATA[Economic]]></category>

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		<description><![CDATA[[unable to retrieve full-text content]Whatever happens, Europe is ruined – but Robert Peston couldn't look happierThe recession has been very good to Robert Peston. While the rest of us have been rapidly getting greyer, grumpier and more broke, the BBC's business editor has been on a very different journey. When he first became a semi-permanent feature of the news bulletins in 2007 with the collapse of Northern Rock, Peston cut a rather awkward figure; someone not entirely comfortable in social Read more]]></description>
			<content:encoded><![CDATA[[unable to retrieve full-text content]Whatever happens, Europe is ruined – but Robert Peston couldn't look happierThe recession has been very good to Robert Peston. While the rest of us have been rapidly getting greyer, grumpier and more broke, the BBC's business editor has been on a very different journey. When he first became a semi-permanent feature of the news bulletins in 2007 with the collapse of Northern Rock, Peston cut a rather awkward figure; someone not entirely comfortable in social <a href="http://www.londonmediaclub.org/tv-review-the-great-euro-crash-with-robert-peston-tales-of-television-centre.html" class="more-link">Read more</a>]]></content:encoded>
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		</item>
		<item>
		<title>Eurozone banks nearly collapsed, says ECB director</title>
		<link>http://www.londonmediaclub.org/eurozone-banks-nearly-collapsed-says-ecb-director.html</link>
		<comments>http://www.londonmediaclub.org/eurozone-banks-nearly-collapsed-says-ecb-director.html#comments</comments>
		<pubDate>Thu, 17 May 2012 03:00:40 +0000</pubDate>
		<dc:creator>londonmediaclub</dc:creator>
				<category><![CDATA[Economic]]></category>

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		<description><![CDATA[[unable to retrieve full-text content]Benoît Coeuré says conditions were very dangerous in autumn of 2011 and banks faced severe difficulties to fund themselvesA senior executive at the European Central Bank has admitted eurozone banks were on the brink of collapse last autumn.In an interview with the BBC to be broadcast on Thursday, Benoît Coeuré, executive director of the ECB, said: "In the autumn of 2011 the conditions were very dangerous … European banks were facing severe difficulties Read more]]></description>
			<content:encoded><![CDATA[[unable to retrieve full-text content]Benoît Coeuré says conditions were very dangerous in autumn of 2011 and banks faced severe difficulties to fund themselvesA senior executive at the European Central Bank has admitted eurozone banks were on the brink of collapse last autumn.In an interview with the BBC to be broadcast  on Thursday, Benoît Coeuré, executive director of the ECB, said: "In the autumn of 2011 the conditions were very dangerous …  European banks were facing severe difficulties <a href="http://www.londonmediaclub.org/eurozone-banks-nearly-collapsed-says-ecb-director.html" class="more-link">Read more</a>]]></content:encoded>
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		<item>
		<title>Cost of Greek exit from euro put at $1tn</title>
		<link>http://www.londonmediaclub.org/cost-of-greek-exit-from-euro-put-at-1tn.html</link>
		<comments>http://www.londonmediaclub.org/cost-of-greek-exit-from-euro-put-at-1tn.html#comments</comments>
		<pubDate>Thu, 17 May 2012 03:00:40 +0000</pubDate>
		<dc:creator>londonmediaclub</dc:creator>
				<category><![CDATA[Economic]]></category>

		<guid isPermaLink="false">http://www.londonmediaclub.org/cost-of-greek-exit-from-euro-put-at-1tn.html</guid>
		<description><![CDATA[[unable to retrieve full-text content]UK government making urgent preparations to cope with the fallout of a possible Greek exit from the single currencyThe British government is making urgent preparations to cope with the fallout of a possible Greek exit from the single currency, after the governor of the Bank of England, Sir Mervyn King, warned that Europe was "tearing itself apart".Reports from Athens that massive sums of money were being spirited out of the country intensified concern in London Read more]]></description>
			<content:encoded><![CDATA[[unable to retrieve full-text content]UK government making urgent preparations to cope with the fallout of a possible Greek exit from the single currencyThe British government is making urgent preparations to cope with the fallout of a possible Greek exit from the single currency, after the governor of the Bank of England, Sir Mervyn King, warned that Europe was "tearing itself apart".Reports from Athens that massive sums of money were being spirited out of the country intensified concern in London <a href="http://www.londonmediaclub.org/cost-of-greek-exit-from-euro-put-at-1tn.html" class="more-link">Read more</a>]]></content:encoded>
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		<item>
		<title>The euro: thunder and lightning &#124; Editorial</title>
		<link>http://www.londonmediaclub.org/the-euro-thunder-and-lightning-editorial.html</link>
		<comments>http://www.londonmediaclub.org/the-euro-thunder-and-lightning-editorial.html#comments</comments>
		<pubDate>Wed, 16 May 2012 03:05:55 +0000</pubDate>
		<dc:creator>londonmediaclub</dc:creator>
				<category><![CDATA[Economic]]></category>

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		<description><![CDATA[[unable to retrieve full-text content]Continent-wide spending cuts are not about to be overturned in favour of a raft of policies designed to encourage growth – sadlyThanks must go to the gods of metaphor, for it was presumably they who sent the lightning that forced François Hollande's plane to turn back mid-journey to Berlin on Tuesday afternoon. This being rain-sodden reality rather than heightened drama, the French president had better luck on a second flight to meet chancellor Angela Merkel Read more]]></description>
			<content:encoded><![CDATA[[unable to retrieve full-text content]Continent-wide spending cuts are not about to be overturned in favour of a raft of policies designed to encourage growth – sadlyThanks must go to the gods of metaphor, for it was presumably they who sent the lightning that forced François Hollande's plane to turn back mid-journey to Berlin on Tuesday afternoon. This being rain-sodden reality rather than heightened drama, the French president had better luck on a second flight to meet chancellor Angela Merkel <a href="http://www.londonmediaclub.org/the-euro-thunder-and-lightning-editorial.html" class="more-link">Read more</a>]]></content:encoded>
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		<title>François Hollande meets Angela Merkel for summit in Berlin</title>
		<link>http://www.londonmediaclub.org/francois-hollande-meets-angela-merkel-for-summit-in-berlin.html</link>
		<comments>http://www.londonmediaclub.org/francois-hollande-meets-angela-merkel-for-summit-in-berlin.html#comments</comments>
		<pubDate>Wed, 16 May 2012 03:05:55 +0000</pubDate>
		<dc:creator>londonmediaclub</dc:creator>
				<category><![CDATA[Economic]]></category>

		<guid isPermaLink="false">http://www.londonmediaclub.org/francois-hollande-meets-angela-merkel-for-summit-in-berlin.html</guid>
		<description><![CDATA[[unable to retrieve full-text content]French president's plane may have been hit by lightning, but there was no spark between him and the German chancellorIt was a dramatic arrival, but arrive François Hollande did. Not even a lightning strike on his plane was enough to stop France's new president from keeping his date with destiny. As he stepped out of his Mercedes to be greeted by Angela Merkel for the first time on Tuesday evening, "Merkollande" or "Merde" – composite names for the two politicians Read more]]></description>
			<content:encoded><![CDATA[[unable to retrieve full-text content]French president's plane may have been hit by lightning, but there was no spark between him and the German chancellorIt was a dramatic arrival, but arrive François Hollande did. Not even a lightning strike on his plane was enough to stop France's new president from keeping his date with destiny. As he stepped out of his Mercedes to be greeted by Angela Merkel for the first time on Tuesday evening, "Merkollande" or "Merde" – composite names for the two politicians <a href="http://www.londonmediaclub.org/francois-hollande-meets-angela-merkel-for-summit-in-berlin.html" class="more-link">Read more</a>]]></content:encoded>
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		<title>François Hollande and Angela Merkel: the body language</title>
		<link>http://www.londonmediaclub.org/francois-hollande-and-angela-merkel-the-body-language.html</link>
		<comments>http://www.londonmediaclub.org/francois-hollande-and-angela-merkel-the-body-language.html#comments</comments>
		<pubDate>Wed, 16 May 2012 03:05:55 +0000</pubDate>
		<dc:creator>londonmediaclub</dc:creator>
				<category><![CDATA[Economic]]></category>

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		<description><![CDATA[[unable to retrieve full-text content]Formal handshakes – none of those awkward kisses that the German leader and Sarkozy used to lavish on each otherGreetings between heads of state are usually over in a flash, but often reveal clues about the participants and what they're trying to achieve.When Hollande arrived, Merkel greeted him with a formal handshake – none of those awkward kisses that she and Sarkozy lavished on each other. That, no doubt, is a treat that awaits Hollande next time.We were Read more]]></description>
			<content:encoded><![CDATA[[unable to retrieve full-text content]Formal handshakes – none of those awkward kisses that the German leader and Sarkozy used to lavish on each otherGreetings between heads of state are usually over in a flash, but often reveal clues about the participants and what they're trying to achieve.When Hollande arrived, Merkel greeted him with a formal handshake – none of those awkward kisses that she and Sarkozy lavished on each other. That, no doubt, is a treat that awaits Hollande next time.We were <a href="http://www.londonmediaclub.org/francois-hollande-and-angela-merkel-the-body-language.html" class="more-link">Read more</a>]]></content:encoded>
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