Why a eurobond would solve the debt crisis
The introduction of a eurobond would solve the eurozone debt crisis, blogs Faisal Islam – and would lead to “the phase fiscalisation of Europe”.
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US Congress votes on President Obama’s last-minute deal to raise the US debt limit and avoid crisis. Channel 4 News asks if the delays have done lasting damage to Obama’s reputation.
An exasperated White House press secretary asked reporters this week if they expected “a President Bartlet moment” — say, a march up Capitol Hill to whip Congress in line, à la fictional president in “The West Wing” television series. “Yes,” one reporter replied.
The introduction of a eurobond would solve the eurozone debt crisis, blogs Faisal Islam – and would lead to “the phase fiscalisation of Europe”.
Ahead of a crucial Eurozone meeting on Thursday, the International Monetary Fund has warned that Europe’s debt crisis could have a significant global impact if not resolved quickly.
Europe’s leaders remain divided over how to respond to the debt crisis which threatens the very existence of the Euro. Three days before a summit they must agree a second bailout package for Greece.
Jon Snow on how the Greek financial crisis has the potential to affect every man, woman and child in the UK.
As Greece battles to avoid defaulting on its debts, Channel 4 News Business Correspondent Siobhan Kennedy says the pain could only just be starting for the rest of Europe and the UK.
As the leaders of Germany and France call for a new bailout for Greece, we examine the available options – from financial support and austerity measures to the nuclear option of a debt default.
As the National Union of Students (NUS) prepares to announce its new President, students tell Channel 4 News tuition fees, debt and stress must be top of the agenda.
The claim “…the deficit is…not high by either historical or contemporary standards” Len McCluskey elected head of Unite, The Guardian, December 19, 2010. “Of course there’s a deficit – we’re not deficit deniers.… the figures you’ve got are clearly not the figures that I’ve got” Len McCluskey, Radio 4’s Today programme, January 11, 2011. The…
The Irish government prepares to publish a 15bn euro plan for drastic savings amid financial crisis. Economics Editor Faisal Islam looks at what is at stake for Ireland’s political class.
Some details of the spending cuts are emerging. A 10 per cent cut in social welfare payments, a €1 cut to the minimum wage, 28,000 public sector job cuts have all been concretely reported here in Dublin.
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.
Ireland moves closer to accepting an EU-backed bailout worth tens of billions of euros to stabilise the economy, though the Irish government says an agreement has not yet been finalised.
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.