Austerity medication – does it cure or kill the patient?
“Maybe we’re going to hell,” said Irene Lozano, an independent Deputy in the Spanish Assembly. “But if we do, we’ll take Germany with us.”
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There are fears that Greece may leave the euro, with the tremors spreading to other southern European countries. Channel 4 News looks at what this might mean for the British holidaymaker.
As Greece implodes under tough fiscal reform Ireland, the IMF’s ‘austerity poster boy’, votes on belt-tightening measures in a referendum too close to call.
“After much prevarication, government spokesmen have told us the 2020 targets still stand, including that irksome pledge to have fewer than 10 per cent of the nation’s children living in households that earn 60 per cent of the nation median.”
Europe is threatened by an acute crisis in Spain’s banking system and predictions seen by Channel 4 News suggest a 50 per cent fall in house prices could force Spain to seek an international bailout.
In an exclusive interview with Jonathan Rugman, Syriza party leader Alexis Tsipras – who could be the next Greek premier – says logic will prevail and Greece will not be forced out of the euro.
The double-dip recession is deeper than originally feared as revised figures show a sharper decline in the economy in the first three months of 2012.
“Maybe we’re going to hell,” said Irene Lozano, an independent Deputy in the Spanish Assembly. “But if we do, we’ll take Germany with us.”
As contingency plans are made for a Greek euro exit, Channel 4 News Economics Editor Faisal Islam considers the impact of a “cascade of austerity avoidance” across Europe.
With the possibility of Greece leaving the eurozone after elections on 17 June, Channel 4 News looks at how the country could adopt a new drachma.
Even Marc Zuckerberg knows that his journey from Harvard dorm to global domination in less than a decade is based on the fickleness of “friends”.
With Greece in turmoil, Spanish banks under pressure and the future of the euro at stake, Channel 4 News looks at five approaches to managing a possible break-up of the single currency.
The FTSE 100 index opens 44 points down after Moody’s cuts the credit ratings of 16 Spanish lenders, including the UK arm of Banco Santander.
More than a billion people are at risk of hunger and malnutrition in the developing world: President Obama hopes private investment will help boost agricultural production and improve food security.
The Spanish government denies that customers have withdrawn one billion euros from their accounts after shares in Spanish bank Bankia fall 25 per cent on Thursday as worries mount over its future.
Vulture funds who bought international Greek bonds at discounts are circling ahead of Tuesday’s deadline to repay a 436m note issued long before the name Greece became synonymous with “crisis”.