Ingram Pinn illustration

EU cannot agree to write off Greek debt

The prospect of defaults would frighten the markets and increase the risk of another crisis

From the blogs

Now they need to act
– Bruce Bartlett
The ECB has declared independence from its German forebears
– Gavyn Davies
Acting in advance was surely better than waiting until market forces became unbearable
– DeAnne Julius

Halve Greek debt to keep eurozone together

Any salvation new drachma might offer, it would be preceded by years of purgatory, writes Reza Moghadam

World Bank fails to credit intelligence of poor

Organisation’s bias in its perceptions of those in poverty has shaped flawed policy, writes Michael Holman

Calm moment in stormy US-India marriage

The influential Indian diaspora in America constantly urges the two to resolve their differences

Obama’s savvy bet on India’s rise

US adjustment to multipolar world will be shaped by whether it gets along with New Delhi

FT Editorial

Austerity will break a Labour government

Party’s votes are already floating to leftwing alternatives, and this is before Ed Miliband has made a single cut

greek election

Who will blink now Syriza has won?

A new chapter of European instability is only just beginning, writes George Magnus

Will Tsipras be a Lula or a Chávez?

Syriza leader campaigned as a radical but may govern as pragmatist, writes Tony Barber

QE is an imperfect compromise for eurozone

By protecting itself from losses, the ECB recognises the possibility of European sovereign default

Let statisticians rumble political untruths

Those responsible for government numbers should not be working for ministers

Saudi Arabia: Isis threat will only grow

The internet, more than bombs, could be the government’s undoing, writes Richard Haass

‘Demokrasi’, by Hamish McDonald

The book examines the country’s ongoing transformation

O2/Three tie-up calls for scrutiny

Far from clear how UK subscribers will benefit from merger

Saudis prize stability above all else

The early appointments made by King Salman represent a delicate balancing act within the family

Andrei Zvyagintsev

In ‘Leviathan’, the controversial film-maker delivers a blistering critique of life under Putin

The battle between capital and labour

When misfortune strikes, workers are on their own, writes Yochai Benkler

Greens contemplate life beyond the fringe

The party’s hippie gap year cannot last for ever

Great museums cannot rely on the state

Revolution in leadership required at UK’s leading galleries, writes Bendor Grosvenor

The film that shows Eastwood’s soft side

‘American Sniper’ is not a call to arms or a sign of a resurgent right but more of a cry of pain

Give middle classes fair share of pie

Those who work in real economy should be rewarded with higher earnings, writes Izabella Kaminska

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