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UK house prices down 16 percent from their peak 8 Dec 2011 | 05:56 pm

For the last two years, UK house prices have bounced around.  One month, they are up; the next they are down.  November was a down month, but who knows, January could record an increase. Overall, hou...

Why the ECB refuses to be a Lender of Last Resort 1 Dec 2011 | 04:22 pm

Paul De Grauwe The euro has a matter of weeks to save itself, with several institutions now preparing for its collapse. Given this, why does the ECB still refuse to bail out Europe’s heavily indebted...

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