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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?

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Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
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As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
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Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
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The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
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Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
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Growing mussels

Precious freshwater shellfish are thriving in a unique green project
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Diana Krall interview

The jazz singer on being friends with Elton John, outer space and skiing in Dubai
Pinstriped for action: A glimpse of what the very rich man will be wearing this winter

Pinstriped for action

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