Reasons why Project Merlin might be a charade
I am deeply sceptical about Project Merlin, and I would like to be proved wrong.
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I am deeply sceptical about Project Merlin, and I would like to be proved wrong.
The Chancellor tells our Economics Editor that to pull out of the austerity plan would be to plunge Britain back into “the financial danger zone” – so no Plan B, but maybe a slower Plan A.
Our Economics Editor reports from Davos on the news conference with the world’s oil giants.
Our Economics Editor writes that the GDP figures are much worse than expected – and could pave the way for Britain to enter the second stage of a double-dip recession
The Tunisian Prime Minister announces a new government, but as Jonathan Rugman reports from Tunis, protesters demand the complete removal of the ruling party amid a “lynch-mob atmosphere”.
Why have drones or unmanned warplanes become so important to America’s war in Afghanistan? Surely it is the realisation that the Obama troop surge there cannot box the Taliban into a corner.
Almost entirely, the institutions that lent money to the RBSs and HBoSs and Northern Rocks, and the Irish banks, that was then mislent, have got away scot free. But according to this Irish Times article, the IMF and EU might be about to change things with a “bail-in” of such creditors.
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.
Ireland locks horns with the IMF and EU experts to discuss plans for a possible bailout. Dr Peter Stafford writes for Channel 4 News about the missed Irish warning signs and the man who told them so.
The G20 summit in South Korea has ended without achieving substantial progress. Meanwhile, EU leaders have moved to reassure investors about an Irish bailout.
What an extraordinary city this is. Vast, sprung up from the devastation of the Korean war, now shiny and buzzing. Though it’s not buzzing quite as much as it normally would be. Half the cars have been told to stay at home so as not to clog up the streets and get in the way of important convoys. There have been public information films run on the telly telling Koreans to be on best behaviour and not to jump queues or traffic lights while the big delegations are in town. This is the first G20 to be hosted by Asia and the Koreans don’t want it to go wrong.
I am beginning to wonder if we are at a profound historical turning point in world economics.
Would you like to give the Communist Party in China some advice on getting more openness, David Cameron was asked by a student at Peking University after his speech. There was nervous laughter and a bit of an intake of breath.
Channel 4 News examines the backgrounds of two wanted terrorists linked to the Yemen cargo plane bomb plot and al-Qaeda in the Arabian Peninsula.
A Conservative Chancellor comes to power and the economy starts to soar away.