In an exclusive interview with Channel 4 News MPC hawk, Martin Weale, now says the UK economy is likely to be shrinking over the Euro crisis, and that the Bank of England can’t boost economy alone.
A day of riot and recapitalisation in this eurozone crisis. That’s the view from the G20 finance meeting in Paris. Protests against banks, in a week that I believe will end with the biggest bailout in world history, of the single currency, and also of the Eurozone’s banks.
Economics Editor Faisal Islam writes on why the plan to save the Euro in six weeks may actually only have six days.
Euro crisis, poor jobs figures, massive national strikes, on top of high inflation squeezing living standards – Economics Editor Faisal Islam reports on the political response to the economic bad weather.
“I awake in a Europe that is still a continent, but which appears to becoming a country.”
The introduction of a eurobond would solve the eurozone debt crisis, blogs Faisal Islam – and would lead to “the phase fiscalisation of Europe”.
After the photo-call the rush to get the handshakes in first. Faisal Islam on a day of hugs and smiles in Brussels as Portugal and Ireland near economic crunch time.
Jon Snow
Spain is in the frame again…stress testing her banks seems not to have been a particularly reassuring experience.
Jon Snow
For the last two years French President Nicolas Sarkozy as been trying to persuade Britain to look again at the idea of combining nuclear deterrence with France.
Jon Snow
In a hurry – this morning I have to give a lecture to the Westminster Media Forum and am still thinking about what I need to say…but Europe is on my mind.
Faisal Islam blogs on how the balance of power has shifted within the eurozone.
Jon Snow
What a backdrop! Markets falling, bankrupt Greece in uproar, Spain’s stock market down 5 per cent. Come vote for ugh, what? Yes, a stable, fiscally sound deficit free Britain er, in Europe.
Jonathan Rugman blogs from Athens on the Greek financial crisis
Nick Clegg said on last night’s Leaders’ debate that he wasn’t advocating entry into the euro but his manifesto says differently. FactCheck took a look.
This political dance around Greece’s financial mess is oddly reminiscent of the days preceding the Lehman Brothers’ debacle, writes Faisal Islam.