Ireland succumbs to bail-out
Irish TV is calling it the biggest decision ever made by an Irish government, as the country goes cap in hand to Europe and the IMF for a bail-out, writes Faisal Islam.
Faisal Islam
Faisal Islam has left Channel 4 News. This is an archive of his blogs.
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Ireland debt crisis: the planned cuts
As Ireland negotiates terms of the multi-billion pound bailout, details of the government’s austerity measures emerge with welfare, jobs and minimum wage facing heavy cuts, writes Faisal Islam.
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Ireland asks for bailout
Ireland finally asks Europe for a financial bailout, after weeks of speculation – but the strings which might be attached to the “momentous” deal are not yet clear, as Faisal Islam explains.
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Ireland’s risky bank strategy
Our Economics Editor says today’s news from Ireland’s second biggest bank – AIB – has echoes of the situation in Britain before the recapitalisation two years ago.
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Ireland debt: Osborne ponders bail-out
I’ve just been talking to the Chancellor George Osborne at a briefing in Brussels after his lunch with fellow European finance ministers about the Irish debt question.
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Will Britain lend billions directly to Ireland?
Britain could make bilateral loans to Ireland to prop up its economy – a move which would have been “unthinkable” until this week, as Faisal Islam writes.
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Ireland debt: Osborne ponders aid options
George Osborne tells Channel 4 News a healthy Irish economy is in “Britain’s national interest”, as he considers all the options to help the country out of its debt crisis, writes Faisal Islam.
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The EU wants to help – whether Ireland wants it or not
Our Economics Editor reports from Brussels on the negotiations over helping Ireland out of its economic crisis. But it looks as if they will wait for the arrival of George Osborne to clinch the deal.
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Courts could have a role in Irish economic crisis
Our Economics Editor says a German attempt to ensure that “financial fatcats” share the burden of dealing with credit excess has inadvertently made the Irish crisis even more toxic.
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Irish Premier: we have not asked EU for financial help
The Taoiseach Brian Cowen has again denied that he has asked the EU for help to solve the Irish financial crisis. But Faisal Islam says the pressure is still on Dublin to accept support.
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Should Britain help bail-out Ireland?
Our Economics Editor looks at Ireland’s growing economic ills – and what they may mean for Britain.
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Ireland considers applying for EU aid for banks
Ireland considers applying for European Union aid to help its banks in a bid to avoid having to rely on a full EU bailout. Economics Editor Faisal Islam asks whether Britain should step in.
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Forget the Gold Standard, this is the Rise of the Redback
I am beginning to wonder if we are at a profound historical turning point in world economics.
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Can Cameron bring home the bacon from China?
Our Economics Editor looks at David Cameron’s trade mission to China and asks whether Britain really stands to gain very much in a world where the emerging powers of China and India are increasingly calling the tune.
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UK economic growth: Super-George to the rescue
A Conservative Chancellor comes to power and the economy starts to soar away.
