Euro crisis 2012 vs Euro 2012
Channel 4 News Economics Editor Faisal Islam blogs on the Euro crisis 2012 versus Euro 2012.
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Spain is expected to ask Europe today for money to recapitalise its banks. But one credit ratings agency says the country will need significantly more than the IMF’s estimated 40bn euros.
Channel 4 News Economics Editor Faisal Islam blogs on the Euro crisis 2012 versus Euro 2012.
As President Obama battles dismal unemployment figures and Republican rivals’ rising support, tornados have been sweeping through Washington. The weather’s not great either, writes Felicity Spector.
Ireland starts counting votes in a referendum on an EU financial treaty that could undermine one of Europe’s key initiatives as problems mount in Spain and Greece.
London’s six Olympic host boroughs look set to provide more than 40 per cent of security staff for the London 2012 Olympic and Paralympic Games, its official security provider reveals.
Paul Krugman’s new book challenges the consensus view of deficit cutting. Channel 4 News’s Neil Macdonald looks at the economist’s call for a return to the ideas of John Maynard Keynes.
Mario Draghi, president of the European Central Bank, criticises Spain for underestimating the problems faced by Bankia, the troubled nationalised bank.
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.
Home Secretary Theresa May says the government is drawing up contingency plans for an influx of economic migrants from Greece and other European countries if the eurozone breaks up.
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.
Jonathan Rugman finds in Greece that the people prefer to believe they can keep the way of life they have grown accustomed to and have it financed with other people’s money.
“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.”
French President Francois Hollande will be pushing plans for eurobonds at a summit of EU leaders in Brussels on Wednesday, an idea German Chancellor Angela Merkel flatly opposes.
As David Cameron tells MPs that Europe must be prepared for Greece leaving the single currency, eurozone officials call for contingency planning to start.
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.