Eurozone crisis special report

Greek economist Yanis Varoufakis writes for Channel 4 News about why the euro crisis should not simply be seen through the prism of a famous Aesop fable.

With eurozone finance ministers discussing a second rescue package for indebted Greece, Channel 4 News analyses the terms of the deal.

The former Greek finance minister tells Channel 4 News the mood in Greece may turn nasty over austerity cuts aimed at securing a bailout – but the country has to change to stay in the eurozone.

As David Cameron makes efforts to smooth the growing Europe rift inside the coalition, Political Editor Gary Gibbon says Nick Clegg’s absence in the Commons was the key talking point earlier.

Ratings agency Standard and Poor’s warns it is considering downgrading the euro bailout facility itself after suggesting similar moves for many eurozone countries amid the ongoing financial turmoil.

One forecast suggests the UK economy could comfortably survive a Greek exit from the euro. But a disorderly exit might result in a “horrific scenario” for this country.

The chairman of eurozone finance ministers, Jean-Claude Juncker, says Greece could go bankrupt if its voters reject the bailout deal in a referendum. Channel 4 News looks at the consequences.

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”.

The chancellor calls for a long-term solution to the eurozone’s debt woes as finance ministers gather in Brussels.

As it runs out of money, Greece holds crisis talks with the IMF and private banks, while a massive new bailout package to stabilise the eurozone is being considered.