Geithner’s eurozone warning about “cascading catastrophe” is close.
Economics Editor Faisal Islam blogs on whether the Geithner moment is here for the world’s economy?
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George Osborne tells Channel 4 News that building the resources of the IMF should not substitute the eurozone building their own bailout funds, as Europe comes under pressure at the G20 in Paris.
Economics Editor Faisal Islam blogs on whether the Geithner moment is here for the world’s economy?
Stock exchanges are braced for another potentially turbulent week amid reports of a 3tr euro bailout package.
Economics Editor Faisal Islam reports from Athens as the Greek debt crisis fuels further global pleas for concerted action from Europe’s political leaders.
Eurozone finance ministers should perhaps have been a little more respectful of Tim Geithner, writes Economics Editor Faisal Islam.
Five of the world’s most powerful central banks have flooded the international financial system with dollars to stave off a liquidity crisis in European banks.
Eurozone problems are raising Tory hopes of renegotiating the EU treaty. But as Political Editor Gary Gibbon reports, their LibDem coalition partners aren’t so keen on rowing back from Europe.
France, Italy, Spain and Belgium impose a ban on short-selling financial stocks in a bid to restore confidence to the markets.
Economist Professor Richard Portes tells Channel 4 News there is a way out of the debt crisis engulfing the eurozone – but it needs political will to succeed.
The head of the European Commission Jose Manuel Barroso urges eurozone countries to move quickly to convince the markets that they have the financial crisis under control.
Italian Prime Minister Silvio Berlusconi says eurozone debt problems are caused by a “crisis of faith” in the markets, as he seeks to reassure Europe that Italy is financially solid.
As eurozone leaders convene for an emergency meeting in Brussels, we ask: is the eurozone in trouble because there is no single authority above sovereign state level capable of controlling the euro?
European leaders are holding emergency talks in Brussels to deal with the unfolding financial crisis. Chancellor George Osborne says the consequences could be dire if leaders fail to “get a grip”.
German Chancellor Angela Merkel and French President Nicolas Sarkozy have met ahead of the eurozone summit, in a bid to achieve agreement on how to deal with Greece’s debt crisis.
Greece is given two weeks to approve stricter austerity measures which would ensure that it receives a further 12bn euros in bailout money from the eurozone and the IMF.