European cuts

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”.

As Angela Merkel warns of a threat to peace in Europe and fighting breaks out in the Italian parliament, leaders have met in Brussels to seek a way out of the eurozone financial crisis.

As storm clouds gather around the euro, with European leaders meeting in Brussels to try to fix the crisis, Channel 4 News asks a leading economist what the future may hold.

Reports that Italian Prime Minister Silvio Berlusconi has agreed to resign in the next three months are denied by his office.

Ahead of a key meeting of European leaders, jitters spread globally that it may not be enough to solve the eurozone crisis. A stockbroker tells Channel 4 News the markets need clarification.

Bank of England Governor Sir Mervyn King tells MPs measures adopted at the eurozone summit will only provide “a year or possibly two years’ breathing space” and the underlying problems remain.

Up to 70 Conservative MPs are set to defy David Cameron and back a referendum on Europe. One tells Channel 4 News they need to stand up to stop Europe policy being a “dog’s breakfast”.

Eurozone finance ministers agree to pay Greece its next bailout loans to avoid a potentially disastrous default.

Standard & Poor’s cuts Spain’s credit rating because of an unpredictable financial climate and slow growth.

As Italy’s credit rating is slashed by Moody’s from Aa2 to A2, the agency warns further downgrades are a possibility.

Government figures show that Greece is on course to miss the budget deficit targets set by the EU and the IMF for 2011 and 2012.

Stock markets around the world drop as indebted Greece says it will miss its deficit reduction target.

Germany’s parliament backs Chancellor Angela Merkel’s bill to extend the euro bailout scheme in one of the toughest challenges yet to her authority.

As inspectors arrive in Greece to discuss bailing out the country’s economy, the president of the European Commission says the EU is facing the biggest challenge in its history.

Greek Prime Minister George Papandreou says he will do what is necessary to deal with his country’s economic crisis, which is threatening to spill over into other European states.