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Email: [email protected] / Twitter: @gabriellechan Katharine Murphy deputy political editor Katharine was national affairs correspondent for The Age and Sydney Morning Herald and had senior roles at The Australian and The Australian Financial Review.

Clegg told BBC Radio 4's Broadcasting House yesterday morning: "He [Darling] needs to enjoy the public's trust when it comes to issues of financial probity, of money, of managing our nation's finances.

He told the BBC's Andrew Marr show: "Sometimes I get the impression that people are waiting for an accident so that they can really focus [on] avoiding a bigger disaster.

He added that it would be "sensible" for the CDC to focus its attentions on the same geographical areas as government, although exact details would be up for discussion.

Both MSCI and FTSE, major providers of financial indexes, have also created fossil-free or low-carbon indexes in response to demand from investors.

But five years after Athens was forced to be bailed out by the European Union and International Monetary Fund (IMF) – accepting the biggest rescue package in global financial history – Greeks are not sure what to think.

For me the lull before the storm was illustrated by the complacent attitude of the Federal Reserve's vice-chairman Stanley Fischer, in his question and answer session after the annual Per Jacobsson lecture – not least when he dismissed that great central banking veteran Paul Volcker's call for a more structured international financial system.

Consider this: 62% of the survey's respondents hold more than 10% of their portfolio in cash, while 8% now have more than 50% in cash – in spite of the fact that, as US Trust officials note, they're actually becoming more positive about the outlook for financial markets.

The prime minister will not get a substantive renegotiation of the UK's terms of membership before 2017, so the referendum question will not be about his supposed diplomatic triumph but rather: "Do you want to stay in the present EU, with all its deficiencies and problems?" The referendum will cause grave financial and economic instability and make the UK a laughing stock across the globe.

David Cameron will doubtless depart from his political career next month with the bare minimum of a few lucrative company directorships and a kiss-and-tell book deal, so long as that police horse, Raisa and the lamb he cuddled at Easter can be persuaded to ditch their own competing publications, both currently being ghostwritten from audiotapes by the Financial Times's Ben Thompson.

"Like all good digital content brands, the Labor Herald will focus on collaborating with and engaging an audience on whatever device or platform they choose to use (it doesn't really matter whether it's email, website, video or social media).

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