European financial markets


Round and round the subprime mess goes, where it stops, nobody knows

Another tough day on world markets. The biggest worry is the $US1,500 billion global asset-backed commercial paper markets, where there was evidence yesterday of an impact in countries previously unaffected, writes Glenn Dyer.

Howard in Iraq — the screenplay

Scene: A secure office somewhere in Baghdad. Iraqi Prime Minister Nouri al-Maliki is seated behind a desk checking the latest casualty figures. There is a knock at the door…

The word from Turd Blossom: Karl Rove’s tips for winners

Sure, after years of being lauded as a political genius, Rove leaves his party in worse shape than he found it, but much can still be learned from the master of the wedge, writes Sophie Black. Crikey has prepared a slim handbook for Rudd and Howard.