Growth, Plan B and the eurozone
The government is wrestling with a package of growth measures it would like to announce before the Summer recess. There are internal battles over the scale of all this and some of the content.
818 items found
As David Cameron tells MPs that Europe must be prepared for Greece leaving the single currency, eurozone officials call for contingency planning to start.
The government is wrestling with a package of growth measures it would like to announce before the Summer recess. There are internal battles over the scale of all this and some of the content.
I see five types of euro-related blackmail going on that will determine Greece’s fate in the eurozone. What might be called “Drachmail”.
Greek economist Yanis Varoufakis writes for Channel 4 News about why the euro crisis should not simply be seen through the prism of a famous Aesop fable.
As the Greek president hits back at criticisms of his country from the EU, it looks like the Greek deal could be unravelling.
Eurozone finance ministers drop plans for a face-to-face meeting about Greece’s new international bailout, saying party leaders in Athens have failed to provide the required commitment to reform.
A 48-hour nationwide strike against austerity measures hits Greece as eurozone finance ministers set out tough new conditions for the country’s 130bn euro bailout.
Chancellor George Osborne says Britain will contribute more to the IMF as it comes to the aid of struggling EU countries, but only if the eurozone takes action to deal with its debt crisis.
Fears of another credit crunch are eased slightly as banks take up almost 490bn euros in loans from the European Central Bank.
France dodges downgrade but credit agency says it’s too late for a comprehensive solution to the sovereign debt crisis as other countries’ ratings slide.
The prime minister’s in a bind: on the one hand, the potential collapse of the euro without radical intervention from eurozone ministers; on the other, prominent Tory rebellions and calls for Europe referendums. What next, asks Gary Gibbon.
David Cameron is clear that he can’t stand in the way of the 17 Eurozone countries trying to sort themselves out in Brussels on Thursday/Friday. He’s also clear that he can’t come home on Friday with nothing to show for his acquiescence in a treaty change. His backbenchers will be “checking his bags at customs” one senior Tory said. How to square that?
As a ratings agency threatens to downgrade not only France and Germany but the eurozone bailout fund itself, Channel 4 News looks at how investors are reacting and what it could mean.
Ratings agency Standard and Poor’s warns it is considering downgrading the euro bailout facility itself after suggesting similar moves for many eurozone countries amid the ongoing financial turmoil.
The eurozone was flawed from the beginning according to Jacques Delors, one of the architects of the single currency. He says that efforts to tackle its problems have so far been too little too late.