Greece – five pictures of a troubled country
Ahead of a crucial meeting on the Greece debt crisis on Monday, Paul Mason presents a special long-read, offering five pictures of the country.
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Ahead of a crucial meeting on the Greece debt crisis on Monday, Paul Mason presents a special long-read, offering five pictures of the country.
After a weekend of leak and counter-leak, today has seen another dramatic development: the leak to a newspaper of the European Commission’s proposal to break the Greece logjam.
The Eurogroup finance ministers have just broken up without agreement over a programme on the Greek debt.
Gary Gibbon blogging from the Euro summit in Brussels sees two different narratives emerging. Hollande says “Europe has been reorientated”; Merkel insists that nothing has changed.
Don’t expect any great gestures from Angela Merkel at the EU summit, says Gary Gibbon.
David Cameron catches up on Jimmy Carr’s tax scandal and tells Gary Gibbon it’s “morally wrong”.
We are in Mexico City for a trade trip on the way home from the G20 summit, writes Gary Gibbon.
With world leaders at the G20 summit putting pressure on eurozone countries to sort out their problems, Channel 4 News looks at the action they are taking.
With a 100bn euro rescue of Spain’s banks agreed, Channel 4 News looks at the deal Madrid has struck with its European partners and the implications for Greece and Ireland.
Spain is expected to ask Europe today for money to recapitalise its banks. But one credit ratings agency says the country will need significantly more than the IMF’s estimated 40bn euros.
If rumours of a potential downgrade of France’s AAA credit rating are true, it is of huge significance to the eurozone’s fitful efforts at a long-lasting rescue, writes Economics Editor Faisal Islam.
Channel 4 News Economics Editor Faisal Islam says the European Financial Stability Facility bailout fund is being “quietly forgotten” in favour of the European Stability Mechanism.
Chancellor George Osborne warns Britain will “find it difficult to avoid a recession” if growth in Europe grinds to a halt, while France’s central banker says Europe faces “a true financial crisis”.
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.