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Why did Greece collapse and Ireland survive? First, because the Irish crisis was a banking crisis. And in Greece you can’t impose austerity and hope modernise at the same time.
The surge in support for the radical left Podemos party in Spain’s regional elections is the latest manifestation of a spectre haunting Europe: the rise of the anti-austerity movement.
Gardaí police estimate that over 30,000 people attend a protest against the introduction of water charges in the Republic of Ireland.
Britain’s Greens want to present themselves as a radical alternative in the local and European elections, but in Ireland and Germany, Green party commitments to core principles appear to be lacking.
Embarrassing conversations between former executives of Anglo Irish Bank, which was rescued by the taxpayer after running into trouble, are leaked to a Dublin newspaper.
After inconclusive election results which saw a rise in support for anti-austerity parties, where does Italy go from here and what does it mean for the rest of Europe?
Political deadlock in the Italian elections reignites fears over the eurozone crisis, as a hung parliament beckons and markets react with an immediate rise in borrowing costs for the country.
Petrol bombs and burning down buildings has been the Greek public’s response to austerity measures. The Irish go for a more understated display of disgruntlement, as journalist Leo Enright explains.
As France and Germany push for sanctions for eurozone members who break borrowing limits, Channel 4 News can reveal that both countries are among the worst offenders.
Chancellor George Osborne warns Britain will “find it difficult to avoid a recession” if growth in Europe grinds to a halt, while France’s central banker says Europe faces “a true financial crisis”.
As six central banks take steps to bring down the cost of borrowing, a stockbroker tells Channel 4 News there is likely to be further pressure on eurozone leaders to resolve the debt crisis.
Inflation may rise again this year before dropping significantly in 2012, a former Bank of England economist tells Channel 4 News.
The financial markets continue to put pressure on indebted Italy, despite Silvio Berlusconi’s decision to resign as prime minister.
Italy’s Silvio Berlusconi is planning to stand down after losing his parliamentary majority amid the financial turmoil engulfing Italy. Channel 4 News looks at the country’s economic future.
With Silvio Berlusconi’s future in doubt, Channel 4 News looks at whether Italy is too big to bail out.
