So many billions poured into such a war-blasted economy raise the spectre of inflation.

ECONOMIST: How to get ahead in Bremer's Iraq

Further delays in implementing key reforms raise the spectre of more bouts of market turmoil next year.

CNN: Eurozone still has mountain to climb

But from time to time Singapore's newspapers raise the spectre of a hostile regime in Malaysia turning off the tap.

ECONOMIST: The city state's bid for self-sufficiency

Such a default would raise the spectre of default by other over-indebted eurozone governments, which in turn would undermine the perceived solvency of some very big banks.

BBC: The price of Greek democracy

Dave Prentis, general secretary of public service union Unison accused the coalition government of "declaring war" on public services, saying the Budget would "raise the spectre of breadline Britain" in some parts of the country.

BBC: Budget: Osborne's 'tough' package puts VAT up to 20%

It raise the spectre of foreign, trade and defence ministers being grounded in the capital, and of Ms Gillard's overseas trips to be limited to major meetings of world leaders or visits to major trading partners, our correspondent adds.

BBC: Australia parliament opens after knife-edge election