Ireland’s seventh austerity budget set out 2.5bn euros of cuts and taxes, including cuts to benefits for under 25s. But our Austerity Kid in Dublin says many are just relieved it wasn’t worse.
Austerity kids: young people in Ireland are demonstrating against education cuts and rising student fees. One student on the march tells Channel 4 News about the “mental strain” of having no money.
Matt Frei
The political realignment that follows the weekend’s election results could see a Merkel-led Germany gradually shifting towards a more pro-growth policy in Europe.
Matt Frei
Angela Merkel is the undeniable victor of Germany’s election. But the result has created a period of instability in the country, for which Europe is to blame.
On Sunday Angela Merkel attempts to win a third term as her country’s leader. With much of Europe facing economic turmoil, the continent is looking to “Mutti” – mother – to lead it through the crisis.
Italy’s Prime Minister Enrico Letta says he will be asking European countries to “help” the UK in order to keep Britain in the EU – and calls for structural reform to make Europe more “pro-growth”.
With two German football teams meeting in the Champions League final on Saturday, it is time to list the country’s many achievements.
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.
Banks in Cyprus have reopened, but under tight controls over how much money can be withdrawn. There was certainly no bank run and I even found some people queuing to pay money in.
Economics Editor Faisal Islam hears from ordinary Cypriots as they struggle to come to terms with the financial catastrophe that has overtaken their lives and their country.
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.
In Turkish controlled northern Cyprus there is a sense of schadenfreude over the financial woes of its southern neighbour, but also that unifying the island is “back on the agenda”.
Cyprus secures a last-minute, 10bn euro bailout in a deal which will see its second largest bank closed and those with the largest deposits facing a levy to raise funds.
The Cypriot President and party leaders are expected to travel to Brussels for talks with EU finance ministers as the island’s bid to avert financial collapse goes down to the wire.
Cyprus is confronting a grim choice – either levy 5.8bn euros from people’s bank accounts or let its banks collapse and face exit from the eurozone.