Gary Gibbon
When your PM comes away from a summit intended to sort out problems talking about “contingency planning” for some kind of Eurozone disaster you get the impression things didn’t go too well. Political editor Gary Gibbon reports from the G20 in Cannes
Gary Gibbon
What of that big new boost to the firepower of the IMF that Britain was pushing for? It looks like The G20 managed to agree that finance ministers would have more meetings to think about it. Political editor Gary Gibbon reports from Cannes.
Gary Gibbon
The German political establishment sees Silvio Berlusconi as a catastrophic menace and perhaps the biggest single obstacle to world economic stability, writes Gary Gibbon. So what’s next at the G20 in Cannes?
Extraordinary day, and it’s not over yet. Economics editor Faisal Islam reports from Athens.
As we stand here there is a Cabinet meeting happening inside the Greek Parliament. Papandreou looks unlikely to survive it. Economics Editor Faisal Islam reports from Athens.
Gary Gibbon
There are reports from Reuters about the eurozone thinking it might be better to force a default on the banks over Greek debt, blogs Gary Gibbon.
Gary Gibbon
It seems like the EU is saying “you can have your referendum if you must, but do it as quickly as possible (mid December) and we choose the question,” writes Channel 4 News Political Editor Gary Gibbon.
The Greek referendum has sent Greek politics into chaos. But it has also disarmed the euro bailout agreed last week, sending government borrowing costs soaring and share prices crasing across the rest of the eurozone.
Gary Gibbon
Never mind a referendum – a general election could be on the cards for Greece if the Greek prime minister fails to win a majority on Friday’s vote. A situation which looks increasingly likely.
Gary Gibbon
This a grenade in the eurozone crisis on the eve of a G20 when Europe was hoping to present a reformed and self-disciplined face to the world, writes Gary Gibbon of the decision to call a referendum on the bailout in Greece.
Gary Gibbon
As more figures come out showing poor growth, is the European Union going to be forced to hand the keys to the continent to China, asks Gary Gibbon.
Sarah Smith ponders the price Europe will pay if it accepts China’s cash.
A deal is reached, but Economics Editor Faisal Islam says the devil will be in the detail. The bailout bazooka will need the goodwill of the rest of the world.
Gary Gibbon
Today’s eurozone summit has reached a “broad agreement”, blogs Gary Gibbon. But it will be difficult to flesh that deal out before the G20 Cannes summit next week.
Jon Snow
Blogging as leaders meet for the eurozone crisis summit, Jon Snow writes that “it’s an incredible shambles here in Brussels”.