Hollande and Merkel dance around the Greece lightning
As Greece heads towards rerun elections, Channel 4 News Economics Editor Faisal Islam considers whether Europe is heading for a stormy political and economic earthquake
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Prime Minister David Cameron pledges that he will not ask British taxpayers to underwrite the debts of ailing banks in Greece and Spain.
As Greece heads towards rerun elections, Channel 4 News Economics Editor Faisal Islam considers whether Europe is heading for a stormy political and economic earthquake
The German chancellor vows to work with France’s new socialist president-elect Francois Hollande but insists the fiscal compact that commits eurozone governments to austerity is non-negotiable.
Chancellor Merkel has another saying which aides say she uses frequently in private: “If you climb up a tree you have to climb down it.” She may well be looking at David Cameron’s mini u-turn this afternoon on the use of EU institutions by the rest of the EU and think she’s watching just such an arborial stunt. Certainly some Tory MPs think they’re looking at some kind of climbdown and don’t like it.
Angela Merkel and Nicolas Sarkozy are meeting to discuss ways to boost growth in eurozone states struggling to overcome the sovereign debt crisis and rising unemployment.
Speaking after talks in Berlin, David Cameron concedes the UK and Germany do not agree on every aspect of European policy, while Angela Merkel stresses that both countries “need each other”.
It seems like the EU is saying “you can have your referendum if you must, but do it as quickly as possible (mid December) and we choose the question,” writes Channel 4 News Political Editor Gary Gibbon.
In Cannes ahead of the G20 meeting, Chancellor Merkel and President Sarkozy press Greece’s premier Papandreou for clarity on whether the country plans to remain in the eurozone.
Only weeks ago, Germans were debating her leadership abilities. But with Germany placed to dominate Europe, has Chancellor Angela Merkel won over her detractors?
As EU leaders meet in Brussels to agree a debt rescue deal, Channel 4 News is told that Germans believe Chancellor Angela Merkel is “out of her depth”.
Greece is just one problem. The bigger picture is that markets seem to have factored in the expectation of a Super-Bazooka once Germany ratifies the EFSF.
Germany’s parliament backs Chancellor Angela Merkel’s bill to extend the euro bailout scheme in one of the toughest challenges yet to her authority.
Germany’s Angela Merkel shows unity with France’s Nicolas Sarkozy at a meeting in Paris, urging Eurozone partners to pass laws on deficit reduction, but they say there will be no pooling of debt.
Watching back arrivals for the G20 dinner you can hear President Hu through an interpreter say to the German Chancellor: “Don’t rush it, otherwise it will not work.”
We spoke to the former Defence Secretary Ben Wallace who stood down last summer, and left the Commons after the election last week.