The IMF reveals Britain’s shadow fiscal stimulus
The IMF Fiscal monitor reveals that George Osborne is borrowing money after all – but he’s not calling it stimulus spending, since it falls within his deficit reduction plan.
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In an interview with Channel 4 News Chancellor George Osborne defends his decision to give an extra £10bn loan to the International Monetary Fund while preaching austerity measures at home.
The IMF Fiscal monitor reveals that George Osborne is borrowing money after all – but he’s not calling it stimulus spending, since it falls within his deficit reduction plan.
Spain sets out deep budget cuts which its treasury minister has called ‘the most austere’ in the country’s democratic history, despite fierce popular resistance.
As Spain begins a general strike in protest at pro-business labour reforms, Spanish journalist Roman Orozco warns that austerity is turning the country from a welfare state into a state of fear.
Greek economist Yanis Varoufakis writes for Channel 4 News about why the euro crisis should not simply be seen through the prism of a famous Aesop fable.
Petrol bombs and burning down buildings has been the Greek public’s response to austerity measures. The Irish go for a more understated display of disgruntlement, as journalist Leo Enright explains.
France’s Prime Minister has attempted to downplay the downgrade of the country’s credit rating. Katie Razzall reports for Channel 4 News.
Ten questions to find out how well Scotland’s economy could survive if it won independence.
As David Cameron insists that a referendum on Scottish independence should be held within 18 months, Channel 4 News looks at what separation from England would mean.
France dodges downgrade but credit agency says it’s too late for a comprehensive solution to the sovereign debt crisis as other countries’ ratings slide.
What did the UK “win” in Brussels that justified deploying the tactical weapon of the veto?
Angela Merkel and Nicolas Sarkozy may believe they have found a solution to the eurozone debt crisis – but economists are not convinced, Channel 4 News finds.
Angela Merkel says EU leaders have a “duty” to come to an agreement ahead of the EU summit in Brussels, as the European Central Bank drops interest rates to try and rescue EU banks.
As France and Germany push for sanctions for eurozone members who break borrowing limits, Channel 4 News can reveal that both countries are among the worst offenders.
After key talks with German Chancellor Angela Merkel, France’s President Nicolas Sarkozy says Europe needs a new treaty – as six Euro countries face credit downgrade.