‘Don’t mention the war’ even when economic chaos looms
The German Chancellor used the ultimate political trump card – the spectre of war in Europe – to gain political backing for the euro bail-out. But was she wise to do so asks Matt Frei.
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“These figures show just how much our economy is being affected by the crisis in the eurozone.” Chris Grayling, September 16 2011 The background The employment minister has pinned the blame for this week’s dire unemployment figures firmly on the sovereign debt crisis in Europe. We’ve already FactChecked the claim – increasing popular on the…
“In fact, the figures show that the UK economy has barely been out of recession over the last year and there is no clear evidence of a recent change in trend.”
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.
Sources in the EU say Germany and France are looking at a smaller eurozone, but economists tell Channel 4 News it will be a “Pandora’s box” and “the message from the Greek myth was do not open it”.
The financial markets continue to put pressure on indebted Italy, despite Silvio Berlusconi’s decision to resign as prime minister.
The German Chancellor used the ultimate political trump card – the spectre of war in Europe – to gain political backing for the euro bail-out. But was she wise to do so asks Matt Frei.
When your PM comes away from a summit intended to sort out problems talking about “contingency planning” for some kind of Eurozone disaster you get the impression things didn’t go too well. Political editor Gary Gibbon reports from the G20 in Cannes
Chancellor George Osborne welcomes the eurozone deal but says the “ultimate lesson” of the crisis is that “if you can’t pay your way, you’ll be next in firing line”.
We track the repeat “crunch talks” which punctuate the eurozone debt crisis, as a global finance expert tells Channel 4 News Europe’s leaders are wrestling with an “ungovernable system”.
America invented the term “control freak” and, not surprisingly, the world’s most powerful nation likes to think that it has some control over its own destiny. But, in the midst of the eurozone crisis – does it? Matt Frei’s not sure.
The chancellor calls for a long-term solution to the eurozone’s debt woes as finance ministers gather in Brussels.
The welfare system is the “root cause” of the eurozone crisis, says Jin Liqun from China’s sovereign wealth fund, and working harder and longer would solve its problems.
Gary Gibbon runs the rule over “Back of the sofa” Tory party conference spending announcements.
Gary Gibbon blogs from the Conservative Party Conference on David Cameron’s priorities.
What happens if Europe’s politicians fail to resolve Greece’s debt problems? Channel 4 News looks at the repercussions.