Money

In 1990 interest rates were at 15 per cent. You didn't need to be brain of Britain to know that rates at that level were not going to last. It should be easy, therefore, to look at interest rates today – standing at 0.5 per cent – and see this must be the bottom of the interest rate cycle, with little chance of them remaining at record lows in the medium to long term.

Angela Merkel and Francois Hollande meet other European leaders to discuss debt crisis

The leaders of Germany, France, Italy and Spain gathered in Rome today to seek agreement on ways to pull Europe out of its crippling debt crisis.

David Cameron hails eurozone crisis 'progress'

Prime Minister David Cameron yesterday hailed "important progress" at the G20 summit in Mexico towards a solution to the crisis in the eurozone.

Leaders of the G20 pose for a group photograph

Angela Merkel ready to relent on bailout deal to give Spain and Italy a lifeline

G20 communique hints at new approach to helping weaker European economies, report David Usborne in Los Cabos, and Ben Chu

Bond yields surge as old fears come flooding back

Spanish and Italian bond yields shot up yesterday as market fears over the future of the eurozone came flooding back, swamping early relief over the weekend's election result in Greece.

Eurozone uncertainty hits Asian stock markets

Asian stock markets were mostly lower today, as relief from Greece's election results evaporated amid worries that the financial crisis in the 17 nations that use the euro was far from over.

Fear grips markets despite Greek reprieve

Spanish borrowing costs hit record high as early confidence drains away

Vodafone lands CWW

Vodafone's chief executive Vittorio Colao was celebrating yesterday after his £1bn takeover of Cable & Wireless Worldwide was approved with the backing of 99 per cent of CWW shareholders.

David Blanchflower: The new lending schemes are good but not enough

The Greek crisis has spread to Spain; Italy has moved into the crosshairs along with Cyprus

Market Report: City sceptical over Greek banks' surge

Best punt of the day? Greek banks, which soared on average 19 per cent at one point yesterday on hopes that the pro-bailout parties will be swept to power at this weekend's election. Not quite the view that prevailed in London, where leading shares were broadly down and banks remained out of favour.

Simon English: Sorry and thank you - that's all bankers should say

Outlook Another day, another moan from the banking lobby (for bankers, a score-draw must be treated as a crushing defeat, even if they are privately chortling into G&T's and wondering how they got away with it again).

Hamish McRae: Don't panic, but if you want to play it safe, stick with the US, Germany or Britain

Economic Life: Tax cuts introduced originally by President Bush expire, and several spending cuts take place

George Osborne's call for more road and rail investment is no laughing matter

Julian Knight: Don't let Osborne put us off infrastructure plan

Whatever the Chancellor's personal standing with the public, urging pension funds to invest in capital projects is a good idea

Simon English: What now for the eurozone? Don't ask the experts

Shares were up yesterday, theoretically on the hope that the eurozone "crisis" will be resolved. If they are down again today (that's the way to bet), does that mean we are suddenly back in the mire?

News
Young Winstone: His ‘tough-guy’ image is a misconception
people
Sport
Adnan Januzaj and Gareth Bale
footballManchester United set to loan out Januzaj to make room for Bale - if a move for the Welshman firms up
Arts and Entertainment
Ellie Levenson’s The Election book demystifies politics for children
bookNew children's book primes the next generation for politics
News
Outspoken: Alexander Fury, John Rentoul, Ellen E Jones and Katy Guest
newsFrom the Scottish referendum to the Ice Bucket Challenge, our writers voice their opinions
News
i100
Sport
Yaya Sanogo, Mats Hummels, Troy Deeney and Adnan Januzaj
footballMost Premier League sides are after a striker, but here's a full run down of the ins and outs that could happen over the next month
Arts and Entertainment
L to R: Hawkeye (Jeremy Renner), Captain America (Chris Evans) & Black Widow (Scarlett Johansson) in Avengers Assemble
film
News
Nigel Farage celebrates with a pint after early local election results in the Hoy and Helmet pub in South Benfleet in Essex
peopleHe has shaped British politics 'for good or ill'
Arts and Entertainment
Pharrell Williams' “Happy” was the most searched-for song lyric of 2014
musicThe power of song never greater, according to our internet searches
Sport
Tim Sherwood raises his hand after the 1-0 victory over Stoke
footballFormer Tottenham boss leads list of candidates to replace Neil Warnock
Career Services

Day In a Page

Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Spain
Prices correct as of 19 December 2014
War with Isis: The West needs more than a White Knight

The West needs more than a White Knight

Despite billions spent on weapons, the US has not been able to counter Isis's gruesome tactics, says Patrick Cockburn
Return to Helmand: Private Davey Graham recalls the day he was shot by the Taliban

'The day I was shot by the Taliban'

Private Davey Graham was shot five times during an ambush in 2007 - it was the first, controversial photograph to show the dangers our soldiers faced in Helmand province
Revealed: the best and worst airlines for delays

Revealed: the best and worst airlines for delays

Many flyers are failing to claim compensation to which they are entitled, a new survey has found
The stories that defined 2014: From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions

The stories that defined 2014

From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations

Disaster looming? Now you know where to head...

Which British city has become the first to be awarded special 'resilience' status by the UN?
Finally, a diet that works: Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced

Finally, a diet that works

Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced
Say it with... lyrics: The power of song was never greater, according to our internet searches

Say it with... lyrics

The power of song was never greater, according to our internet searches
Professor Danielle George: On a mission to bring back the art of 'thinkering'

The joys of 'thinkering'

Professor Danielle George on why we have to nurture tomorrow's scientists today
Monique Roffey: The author on father figures, the nation's narcissism and New Year reflections

Monique Roffey interview

The author on father figures, the nation's narcissism and New Year reflections
Introducing my anti-heroes of 2014

Introducing my anti-heroes of 2014

Their outrageousness and originality makes the world a bit more interesting, says Ellen E Jones
DJ Taylor: Good taste? It's all a matter of timing...

Good taste? It's all a matter of timing...

It has been hard to form generally accepted cultural standards since the middle of the 19th century – and the disintegration is only going to accelerate, says DJ Taylor
Olivia Jacobs & Ben Caplan: 'Ben thought the play was called 'Christian Love'. It was 'Christie in Love' - about a necrophiliac serial killer'

How we met

Olivia Jacobs and Ben Caplan
Bill Granger recipes: Our chef's breakfasts will revitalise you in time for the New Year

Bill Granger's healthy breakfasts

Our chef's healthy recipes are perfect if you've overindulged during the festive season
Transfer guide: From Arsenal to West Ham - what does your club need in the January transfer window?

Who does your club need in the transfer window?

Most Premier League sides are after a striker, but here's a full run down of the ins and outs that could happen over the next month
The Last Word: From aliens at FA to yak’s milk in the Tour, here’s to 2015

Michael Calvin's Last Word

From aliens at FA to yak’s milk in the Tour, here’s to 2015