Heather Stewart joined the London Guardian as an economics reporter from the Treasury in 2001 and is now the economics editor of the Observer.
Articles by this author
Sunday, January 01, 2012
Economics in 2012: No Gain, Just Pain as Austerity Brings Misery to All
The fluctuations of the financial markets and the relentless round of make-or-break euro-summits gripped the attention in 2011, but this will be the year when the shockwaves are felt by millions of people in Europe and beyond. Throughout 2011, the language of bond yields, AAA ratings and credit default swaps leapt from City trading floors into everyday chit-chat as the eurozone crisis spiraled out of control.