The 1tr mark note – symbol of Germany’s fears
German politicians, reared on the cult of low debt and low inflation, fear that the European Central Bank is losing its Bundesbank DNA, blogs Faisal Islam.
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President Napolitano has asked technocrat Mario Monti to form a new Italian government. Mr Monti said he wanted to work with the president to eliminate his “reservations” in accepting the post.
German politicians, reared on the cult of low debt and low inflation, fear that the European Central Bank is losing its Bundesbank DNA, blogs Faisal Islam.
As Germany says the European Central Bank does not have “unlimited firepower” to come to the aid of indebted countries, an economist tells Channel 4 News it must do.
Democracy is from the Greek “Demos Kratos”. People power. So what of Technocracy? Technos Kratos. Robot power? Well they weren’t invented then. But Technos means method, art or skill. And so, today we bear witness to the rise of the technocrats. Please feel free to play this whilst reading this blog, click here to listen.…
It’s not very democratic, but “pooled sovereignty” is the order of the day as eurozone leaders wrestle to contain the Italian debt crisis. Political editor Gary Gibbon reports.
The financial markets continue to put pressure on indebted Italy, despite Silvio Berlusconi’s decision to resign as prime minister.
So Berlusconi is off, possibly, but will it truly be the end of Bunganomics?
With Silvio Berlusconi’s future in doubt, Channel 4 News looks at whether Italy is too big to bail out.
One forecast suggests the UK economy could comfortably survive a Greek exit from the euro. But a disorderly exit might result in a “horrific scenario” for this country.
Greek opposition leader Antonis Samaras repeats his call for Prime Minister George Papandreou to resign and, as Jane Deith reports, Italy’s Silvio Berlusconi’s future is also looking more uncertain.
G20 leaders agree to boost the resources of the IMF, but fail to agree on how to pull the eurozone back from the brink, as the Greek prime minister faces a crucial vote.
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.
As more figures come out showing poor growth, is the European Union going to be forced to hand the keys to the continent to China, asks Gary Gibbon.
Today’s eurozone summit has reached a “broad agreement”, blogs Gary Gibbon. But it will be difficult to flesh that deal out before the G20 Cannes summit next week.
Blogging as leaders meet for the eurozone crisis summit, Jon Snow writes that “it’s an incredible shambles here in Brussels”.