Good morning, and welcome to another day of rolling coverage of the eurozone crisis.
Yesterday’s warning by Christine Lagarde that the world risks a repeat of the depression of the 1930s continues to reverberate around the financial markets today. It dominates most of the UK front pages today, alongside France’s broadside attack on the Britain’s AAA credit rating.
It’s now eleven days since Standard & Poor’s warned it could cut France’s credit rating by two notches — can the Gallic Triple-A last another day? We’ll also be watching events in Italy, where Mario Monti’s government of technocrats faces a confidence vote over its emergency budget plans.
And two of Europe’s top central bankers, Mario Draghi and Mervyn King, will both be speaking at a conference in Rome later today. Perhso
