Osborne claims victory over euro fund row
The Treasury says it’s secured a deal that stops the European Commission exposing the UK to potential future costs if Greece defaults on a new bridging loan.
The Treasury says it’s secured a deal that stops the European Commission exposing the UK to potential future costs if Greece defaults on a new bridging loan.
While the far left government will pose the referendum as a vote for or against austerity, the right will say it’s an in-out vote for the single currency and the EU itself.
Ministers say the taxpayer will end up making a profit after bailing out the banks to the tune of £100bn. But are they telling us the whole story?
The IMF backs away from its ringing endorsement of UK economic policy. But the Treasury will be relieved that it has not yet spelled out an alternative policy to austerity.
Cyprus bailout: the inside story of a president “humiliated” by EU bureaucrats half his age, and of a country pushed over the edge in order to protect Greece.
Chanting “Troika go home” to the White Stripes’ Seven Nation Army, Economics Editor Faisal Islam meets the kids leading the controlled anger in Cyprus at its bailout terms.
The economic crisis in Cyprus is leading to a number of flights. Economics Editor Faisal Islam sees a parallel with the economic landscape of America in the 1930s.
Anger is growing among Cypriots as they queue at cashpoints to withdraw their savings due to the bailout.
As Cyprus prises itself from the jaws of bankruptcy, the island’s savers face a big bill to dig the island out of its financial mess, reports Faisal Islam.
America faces a “fiscal nightmare” of tax rises and spending cuts, unless Republicans in the House of Representatives are willing to compromise.
If Spain accepts the humiliation of some outside oversight, ECB President Mario Draghi may have come up with an offer that allows the Eurozone to stagger through the all-important German elections next year.
Spain may be the latest European country heading for a massive bailout. That might mean Britain has to pay. FactCheck wonders how much.
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
“I am not in, as the chancellor of the exchequer, a daily opinion poll contest and a daily popularity contest. I will tell you what I am engaged in. A daily contest with the rest of the world to make Britain competitive to bring jobs to Britain.”