European cuts

Discussions on forming a new government have been held in Greece following the success of the pro-bailout New Democracy party in elections – and a deal is likely to be agreed on Tuesday.

With pro-bailout parties discussing the formation of a new government in Greece, Channel 4 News looks at what happens next in the euro saga.

Greece’s centre-right New Democracy party will try to form a coalition with other parties backing the international bailout after a narrow election victory over the left.

Greeks, fed up with five years of a bitter recession and almost 23 per cent unemployment, weigh the consequences of voting with their hearts or minds on the eve of a crucial election.

Argentina may be able to teach Greece a thing or two about financial collapse after fighting back from its own 2001 economic meltdown. But is Greece ready to listen?

Spain’s downgrade to one level above junk has Europeans worried the country may need much more than the 100bn euros earmarked for its basketcase banks.

Theresa May wants to put Britain’s economy and safety ahead of family rights in the latest government threat to immigrants, UK residents and human rights guaranteed by law.

New immigration proposals, setting minimum earnings of nearly £20,000 for those wanting to bring a relative to the UK, would prevent up to 30,000 parents and children from joining their families here.

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.

Stock markets across Europe and Asia rally on news of Spain’s 100bn euro banking bailout, after the country’s economy is hit by the collapse of the property market.

Uncertainty about the future of the eurozone is killing off a UK economic recovery already threatened by high oil prices and Britain’s debt burden, says the Chancellor George Osborne.

Spain will ask for an estimated 40-100bn euros from Europe to keep its banks operating – but it may not know the extent of the crisis until mid June when two audits are completed.

A neo-Nazi Greek politician from Golden Dawn is reportedly suing two women he assaulted during a TV debate, claiming their misleading statements incited him to slap one and throw water at the other.

Prime Minister David Cameron pledges that he will not ask British taxpayers to underwrite the debts of ailing banks in Greece and Spain.

Spain has denied claims its banks need an urgent bailout as EU plans are announced to halt taxpayers’ money being used to bail out failed banks.