Who will pay to strengthen the euro firewall? Berlin is still against increasing the size of Europe&rsquo;s own war chest. But, the rest of the world doesn&rsquo;t want to raise the International Monetary Fund&rsquo;s firepower unless the euro zone beefs its own. If a deal is done &ndash; and that is still far from certain &ndash; it seems likely the Europeans will pick up about three-quarters of the tab.

Sharing the burden

Business Standard

If $120-a-barrel Brent crude is a threat to the global economy, someone had better tell the stock market. The MSCI World Index has largely kept pace with the rising price of oil this year. For now, stronger-than-expected economic growth appears to be overshadowing equity investors&rsquo; concerns about tight supplies of oil. Worries about Iran may keep trading volatile. But, absent a serious flare-up in the Persian Gulf, any spike in crude prices should be mostly self-correcting.

Oil and trouble

Half-way into Manmohan Singh&rsquo;s second term as prime minister, the so-called India Shining story is unravelling. Having weathered the 2008 financial crisis better than almost anyone predicted, projections that the country would soon be growing faster than China, at 10 per cent or more a year, had become the norm. That confidence has come hurtling back to reality with a thump.

Hugo Dixon & Jeff Glekin: Unravelling India: the price of paralysis

What&rsquo;s the best way for India to slay corruption: punish the culprits, or make government so transparent that it is hard for bribery to find places to latch onto in the first place? The answer is &mdash; both.

Hugo Dixon

Hugo Dixon

Page 2 - Hugo Dixon

Sharing the burden

Oil and trouble

Hugo Dixon & Jeff Glekin: Unravelling India: the price of paralysis

Hugo Dixon & Jeff Glekin: Unravelling India: growth bottlenecks