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.
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.
The prime minister’s in a bind: on the one hand, the potential collapse of the euro without radical intervention from eurozone ministers; on the other, prominent Tory rebellions and calls for Europe referendums. What next, asks Gary Gibbon.
‘Merkozy’ will formally propose their plan to the European Council on Friday. But under what circumstances could any treaty changes to the European Union trigger a UK referendum? FactCheck investigates.
The French German liaison is still the key stone of Europe. To say otherwise is to be politically incorrect. And Germany still feels more comfortable leading from behind the French reports Matt Frei in Berlin.
Italian PM Silvio Berlusconi and US Republican front-runner Herman Cain have probably never exchanged a word. But both are self-made millionaires, have been dogged by alleged issues in connection with their errant libidos, and represent a rejection of traditional party politics.
The German Chancellor used the ultimate political trump card – the spectre of war in Europe – to gain political backing for the euro bail-out. But was she wise to do so asks Matt Frei.
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.
The leading Republican Presidential candidate – Herman Cain has been accused of sexual harassment. He denies all charges. But are the American public ready for his irreverent, novel approach to presidential politics?
“As a Daily Mail poll showed that 77 per cent of Conservative Party members believe there should be a referendum on Britain’s continuing membership of the EU, Mr Clegg launched a defence of the economic benefits of staying in Europe.”
Matt Frei considers the stony path between austerity and stimulus and wonders about the future track of economic well-being.
Is the eurozone heading towards fiscal unity, asks Gary Gibbon. Maybe, but – as Spock might have said – “It’s fiscal union, Jim, but not as we know it.”
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.
Is the eurozone on the brink? Channel 4 News Economics Editor Faisal Islam is in Brussels.
After the biggest challenge to his authority since he took office, our Political Editor Gary Gibbon asks: what next for Prime Minister David Cameron?
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.