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.
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Faisal Islam
An extraordinary day of Greek political chaos
Extraordinary day, and it’s not over yet. Economics editor Faisal Islam reports from Athens.
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Faisal Islam
Papandreou faces axe after bluff called by Merkozy
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.
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Faisal Islam
Athens: the lessons of monetary history for Greece
One economist likened the euro to Hotel California “where you can check out but you can’t leave”, pointing out that, “almost no modern fiat currency union has broken up without some form of authoritarian or military government or civil war”.
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Faisal Islam
Greek bombshell disarms eurozone bazooka
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.
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Faisal Islam
Brussels 5am: Half a bazooka unleashed
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.
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Faisal Islam
It’s not about Greece any more – it’s Italy’s backdoor bailout
Is the eurozone on the brink? Channel 4 News Economics Editor Faisal Islam is in Brussels.
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Faisal Islam
Exclusive: UK economy likely to be shrinking now, says Weale
In an exclusive interview with Channel 4 News MPC hawk, Martin Weale, now says the UK economy is likely to be shrinking over the Euro crisis, and that the Bank of England can’t boost economy alone.
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Faisal Islam
French banks can ‘withstand whatever development’
French banks can “withstand whatever development” the country’s central bank chief Christian Noyer tells economics editor Faisal Islam.
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Faisal Islam
Europe set for biggest bailout in world history
A day of riot and recapitalisation in this eurozone crisis. That’s the view from the G20 finance meeting in Paris. Protests against banks, in a week that I believe will end with the biggest bailout in world history, of the single currency, and also of the Eurozone’s banks.
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Faisal Islam
Emerging economies fight back at the G20
At the G20 meeting in Europe, the emerging economies appear so fed up with the damage done to global economic confidence by the festering euro crisis, that they might just be about to take matters into their own hands.
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Faisal Islam
Big Squeeze ‘coming to an end’ says BoE governor
The poverty projections released by the IFS and the Joseph Rowntree Trust today are pretty shocking. They are well-covered elsewhere. I would point to two things. One in four children are set to be living in absolute poverty by 2020. The Coalition inherited about one in six children in absolute poverty. the Government’s target under…
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Faisal Islam
An audience with Sir Mervyn: two queasy tightropes for the Bank
The phone call came in at 1230. An invitation to see Sir Mervyn that would have been unthinkable three or four months ago. He has only done a round of interviews like this once before, in March 2009, when QE was first launched. We only seem to get these audiences when the Governor has decided to create magic money to try to cure an ailing British economy. And I identify two tightropes he is walking.
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Faisal Islam
Geithner’s eurozone warning about “cascading catastrophe” is close.
Economics Editor Faisal Islam blogs on whether the Geithner moment is here for the world’s economy?