ECB to reopen bond purchases – papers

The new IMF faces corruption allegations, as the ECB steps in to protect Europe with bond purchases, and Osborne’s watchdog sounds the economic alarm….we bring you all the top stories from the nationals.

The European Central Bank is expected to signal it is stepping into the eurozone crisis on Thursday by reopening its purchases of government debt, amid fears the turmoil will claim the economy of a nation that is "too big to bail". MORE...

A massive £35bn was wiped off the value of Britain's biggest companies yesterday as the global economy sunk deeper into crisis.
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The eurozone economy was close to stagnant in July, with output from the at-risk nations of Italy and Spain contracting outright, a leading monthly survey showed. MORE...

New IMF chief Christine Lagarde is set to find out whether she will be formally investigated for abuse of authority when French finance minister. MORE...

Gross debt surged up $238bn to reach 100% of U.S. gross domestic product after the government's debt ceiling was lifted this week. MORE...

Middle-class savers must brace for an alarming pension squeeze this summer as stock market wobbles, falling pension payout rates and soaring living costs gouge chunks off their future incomes. MORE...

The head of the Government's fiscal watchdog, the Office for Budget Responsibility, has all but admitted that the official growth target for this year, announced in George Osborne's March Budget, will be missed, and that current growth could be "relatively weak". MORE...

There was a ray of light for the battered UK economy yesterday as figures showed that expansion in the all-important services sector accelerated in July. MORE...

The Japanese government and central bank have intervened to weaken the yen to protect economic growth. MORE..