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Greek Prime Minister George Papandreou may be forced to step down at any moment, Channel 4 News is told.
Amid reports that Greece’s defence minister has sacked his defence chiefs, premier Papandreou fights to hold his government together over a referendum pledge on the latest eurozone bailout.
An outline deal to save the eurozone has been agreed – but does it still need China’s input to succeed? Let’s hope not, because a top economist tells Channel 4 News the country may not be interested.
Chancellor George Osborne welcomes the eurozone deal but says the “ultimate lesson” of the crisis is that “if you can’t pay your way, you’ll be next in firing line”.
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”.
As Angela Merkel warns of a threat to peace in Europe and fighting breaks out in the Italian parliament, leaders have met in Brussels to seek a way out of the eurozone financial crisis.
Ahead of a key meeting of European leaders, jitters spread globally that it may not be enough to solve the eurozone crisis. A stockbroker tells Channel 4 News the markets need clarification.
The welfare system is the “root cause” of the eurozone crisis, says Jin Liqun from China’s sovereign wealth fund, and working harder and longer would solve its problems.
The Occupy Wall Street movement inspires protests in the UK and dozens of other countries, as campaigners rage against bankers and politicians accused of condemning millions to hardship.
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.
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.
Middle incomes will fall by 7 per cent and a quarter of Britain’s children will be living in poverty by 2013, says a report from the Institute for Fiscal Studies.
Credit agency Moody’s downgrades the rating of 12 UK institutions, including Lloyds and RBS. Meanwhile the sovereign ratings of Italy and Spain slide downwards as the eurozone crisis deepens.
In his address to the Conservative Party conference, Chancellor George Osborne returns to his theme of unity in the face of international economic adversity – but rules out early tax cuts.
Germany’s parliament backs Chancellor Angela Merkel’s bill to extend the euro bailout scheme in one of the toughest challenges yet to her authority.