Sir, Lawrence Summers is certainly correct in asserting that the right focus of the European countries must be on restoring economic growth if they are to restore fiscal sustainability (“Growth not austerity is the best...

The Financial Times’s Ed Luce has a largely incomprehensible column on the witches’ brew of Iran, Barack Obama, Israel, and the Republicans in today’s paper. Starting off coherently, Luce notes that 2012 may be the “year of Iran,” if Tehran achieves nuclear capability,...

The following is a letter to the editor in response to an April 8 op-ed in The Financial Times on the possibility of countries opting to leave the eurozone.

Sir, Edward Luce's description of the competing views in the US about both the financial crisis and a supposed "crisis of capitalism" was a caricature, particularly his discussion of the view he ascribed to the Republicans ("America's three views on the crisis", March 19).

Sir, Gillian Tett is distorting history by understatement ("The banks that politicians can be seen to embrace", February 18). She writes: "During the savings and loans crisis of the 1980s dozens of small banks collapsed." Dozens? Between 1982 and...

From Mr Alex J. Pollock.

Sir, Jonathan Davis ("Watch that desire for certainty and elegance", FTfm, February 6) correctly addresses the danger of false certainty in economics, but concludes by quoting Keynes about how economic policy had "blundered...

The main problem with the recent IMF programmes to countries such as Greece and Portugal has not been one of size or duration but rather one of policy misdiagnosis. 

Suggesting that an orderly Greek exit from the euro should be manageable because Greece constitutes only 2 per cent of the overall eurozone economy is all too reminiscent of the policy complacency that preceded the Lehman bankruptcy in September 2008.