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.
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Negotiations over a multi-billion euro bailout with the IMF and EU continue, as the Irish Government faces calls for a General Election from a coalition partner. Faisal Islam examines the budget plan.
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.
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.
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.
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.
EU finance ministers are looking at plans to help Ireland out of its debt crisis with experts ready for a bail-out – including a potential offer of bilateral aid from the UK, Faisal Islam explains.
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.
Europe heaps pressure on Ireland to accept a financial bail-out, as fears grow that a failure to do so would be catastrophic. Economics Editor Faisal Islam says it could all end in the courts.
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.
UK economic growth in the third quarter grew by a better than expected 0.8 per cent. Our Economics Editor, Faisal Islam says it’s the best day of news for George Osborne since he became Chancellor.
The Institute for Fiscal Studies reveals the half-truths, “stealth cuts” and real victims of the Chancellor’s Spending Review, writes our Economics Editor, Faisal Islam.
Faisal Islam blogs on today’s Spending Review and finds it a “perfectly regressive review”.
Faisal Islam blogs on how the government’s spending cuts will hit child benefits, tax credits and social housing hard.
Channel 4 News has learned that the budget given to new social housing will be reduced by up to 80 per cent and child benefits for the over-16s will be cut. Economics Editor Faisal Islam reports.
Channel 4 News Economics Editor Faisal Islam blogs on how government sources are expecting some train fares to be over 30 per cent higher by 2015, and industry sources pointed towards a 40 per cent hike by 2015.