Faisal Islam
Euro collapse contingencies at Davos
Are banks treating euros differently, depending on which country they come from? Faisal Islam blogs from Davos.
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Faisal Islam
A French downgrade is bad for Sarkozy and Germany
If rumours of a potential downgrade of France’s AAA credit rating are true, it is of huge significance to the eurozone’s fitful efforts at a long-lasting rescue, writes Economics Editor Faisal Islam.
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Gary Gibbon
Eurosceptics keeping a beady eye on Cameron
Political editor Gary Gibbon on the pressure David Cameron was (and remains) under from his eurosceptic backbenchers over the Eurozone crisis.
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Faisal Islam
France fires broadside at British economy – is it ‘Twitterloo’?
The entente is anything but cordiale as the Banque de France lays into the UK over its economic record.
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Gary Gibbon
Years of UK blackmail could be at an end – source
A European Comission source tells Gary Gibbon that that the UK is deluded to think that with the 17 going it alone they wouldn’t – potentially joined by others – be operating a single market within the single market.
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Jon Snow
A British veto, but Europe edges towards saving the euro
Cameron’s emphasis on his own veto did not obscure the reality that 17 Euro members, plus some half a dozen aspirant members, have agreed a much tighter fiscal regime, trading significant areas of sovereignty to achieve it.
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Faisal Islam
Euro-bazooka disarmed, here comes new Euro-bazooka 2.0
Channel 4 News Economics Editor Faisal Islam says the European Financial Stability Facility bailout fund is being “quietly forgotten” in favour of the European Stability Mechanism.
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Gary Gibbon
David Cameron’s shopping list for Brussels
Imagine the scene: it is midnight in Brussels on Thursday night. Word reaches Washington that the entire euro deal is hanging in the balance because David Cameron is wielding his veto until he gets some asymmetrical guarantee that protects the City of London. David Cameron could expect a rocket from President Obama that would put the big bazooka to shame.
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Gary Gibbon
Eurozone: what is Cameron’s next move?
David Cameron is clear that he can’t stand in the way of the 17 Eurozone countries trying to sort themselves out in Brussels on Thursday/Friday. He’s also clear that he can’t come home on Friday with nothing to show for his acquiescence in a treaty change. His backbenchers will be “checking his bags at customs” one senior Tory said. How to square that?
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Gary Gibbon
Five days to save the euro / buy the euro some months?
After the Merkel/Sarkozy press conference we have an outline of the Brussels deal and you get the impression that Germany has pretty well got its way over France.
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Jon Snow
Five days to save the euro
Perhaps the time has indeed come to put to the public Britain’s role in the continent, writes Jon SNow.
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Jon Snow
The unfolding crisis that will affect us all
We’ve seen in the past how panic can lead to currency runs, banks locking their doors and triggering social unrest. That’s why in the aftermath of war Europe was born as a politico/trading entity from which the euro child, too, was eventually born. In the meantime our exports to the eurozone will be hit as member states dwindle into recession.
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Gary Gibbon
Democratic deficit as eurozone battles Italy’s debt woes
It’s not very democratic, but “pooled sovereignty” is the order of the day as eurozone leaders wrestle to contain the Italian debt crisis. Political editor Gary Gibbon reports.
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Faisal Islam
Time for porcine solidarity among the PIIGS
Total failure, self-inflicted. The three little pigs need some huff and puff, and they will find more support than you might imagine in Germany.
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Faisal Islam
As the G-Nothing flops, is Greece still in charge of its own sunshine?
Does it matter who is PM of Greece? The astonishing example of Greece’s Project Helios shows just how sovereignty transfer works in a crisis.