True, the Lib Dems are with Labour in opposing immediate spending cuts to ease the fiscal deficit.

ECONOMIST: The Liberal Democrats prepare for battle��in their own way

The Labour Party is calling for an immediate start to the judicial phone-hacking inquiry so evidence will not be lost as the News of the World closes.

BBC: Phone hacking probe: NoW goes into print for last time

All successful adjustments in Latin America involved huge initial devaluations and immediate reductions in real wages, thus cutting unit labour costs.

ECONOMIST: Free exchange: Latin lessons | The