Faisal Islam has left Channel 4 News. This is an archive of his blogs.
At the G20 meeting in Europe, the emerging economies appear so fed up with the damage done to global economic confidence by the festering euro crisis, that they might just be about to take matters into their own hands.
Young workers have never been more challenged than now. It’s not just the highest youth unemployment since records began but the realisation that career paths open to their older brothers and sisters are slamming shut, writes Faisal Islam.
The poverty projections released by the IFS and the Joseph Rowntree Trust today are pretty shocking. They are well-covered elsewhere. I would point to two things. One in four children are set to be living in absolute poverty by 2020. The Coalition inherited about one in six children in absolute poverty. the Government’s target under…
Channel 4 News Economics Editor Faisal Islam, explains what Moody’s downgrade of 12 UK institutions means for the public and the banks.
The phone call came in at 1230. An invitation to see Sir Mervyn that would have been unthinkable three or four months ago. He has only done a round of interviews like this once before, in March 2009, when QE was first launched. We only seem to get these audiences when the Governor has decided to create magic money to try to cure an ailing British economy. And I identify two tightropes he is walking.
The Governor of the Bank of England Sir Mervyn King says this is the ‘biggest financial crisis’ the world has ever faced as the bank increases its quantitative easing programme to £275bn.
Economics Editor Faisal Islam blogs on whether the Geithner moment is here for the world’s economy?
Chancellor George Osborne’s announcement that he will use “credit easing” to get the British economy moving will involve risk of loss to the public purse, blogs Faisal Islam. But not yet.
Greece is just one problem. The bigger picture is that markets seem to have factored in the expectation of a Super-Bazooka once Germany ratifies the EFSF.
Overnight there were signs of more splits with Brussels, Frankfurt and within Germany’s coalition, as concern mounted for the unthinkable: that these supposed multi-trillion bailouts could lose Germany it’s gold standard credit rating.
Massive June-style protests are expected for 5th and 6th October. It could be an Argentina pots and pans moment.
Economics Editor Faisal Islam writes on why the plan to save the Euro in six weeks may actually only have six days.
As it runs out of money, Greece holds crisis talks with the IMF and private banks, while a massive new bailout package to stabilise the eurozone is being considered.
A crisis-ridden Greece faces another drama next week as it prepares to vote on the detested property tax. blogs Channel 4 News Economics Editor Faisal Editor.
Economics Editor Faisal Islam reports from Athens as the Greek debt crisis fuels further global pleas for concerted action from Europe’s political leaders.