352 items found
Journalists close to Silvio Berlusconi say Italy’s embattled prime minister is about to resign, as a crunch vote looms in the Italian parliament.
One forecast suggests the UK economy could comfortably survive a Greek exit from the euro. But a disorderly exit might result in a “horrific scenario” for this country.
G20 leaders agree to boost the resources of the IMF, but fail to agree on how to pull the eurozone back from the brink, as the Greek prime minister faces a crucial vote.
Gary Gibbon
The G20 leaders plus hangers-on are currently discussing a massive boost to the IMF’s lending resources as a back-stop confidence-building measure for markets nervous about just which economy will come close to default next.
As we stand here there is a Cabinet meeting happening inside the Greek Parliament. Papandreou looks unlikely to survive it. Economics Editor Faisal Islam reports from Athens.
The Greek referendum has sent Greek politics into chaos. But it has also disarmed the euro bailout agreed last week, sending government borrowing costs soaring and share prices crasing across the rest of the eurozone.
Gary Gibbon
As more figures come out showing poor growth, is the European Union going to be forced to hand the keys to the continent to China, asks Gary Gibbon.
Matt Frei
Matt Frei considers the stony path between austerity and stimulus and wonders about the future track of economic well-being.
We track the repeat “crunch talks” which punctuate the eurozone debt crisis, as a global finance expert tells Channel 4 News Europe’s leaders are wrestling with an “ungovernable system”.
Reports that Italian Prime Minister Silvio Berlusconi has agreed to resign in the next three months are denied by his office.
Sven-Goran Eriksson walks away from another top football job, with rumours of another big pay-off. Malcolm Boughen reviews a career which does not include failure – or, alas, much major success.
Bank of England Governor Sir Mervyn King tells MPs measures adopted at the eurozone summit will only provide “a year or possibly two years’ breathing space” and the underlying problems remain.
George Osborne tells Channel 4 News that building the resources of the IMF should not substitute the eurozone building their own bailout funds, as Europe comes under pressure at the G20 in Paris.
Manchester United and England striker Wayne Rooney receives a three-match ban for his red card in England’s Euro 2012 qualifier against Montenegro last Friday.
A British woman has been killed after a helicopter carrying four tourists crashed into New York’s East River shortly after take off.