Greece

As Greece battles to avoid defaulting on its debts, Channel 4 News Business Correspondent Siobhan Kennedy says the pain could only just be starting for the rest of Europe and the UK.

As Eurozone finance ministers meet to discuss the debt crisis in Greece, Channel 4 News Business Producer Ben King examines how the bailout affects Britain.

The Greek Prime Minister has appealed for his country to get behind an austerity package. It comes as Eurozone finance ministers meet to agree the latest bailout money for Greece.

As the leaders of Germany and France call for a new bailout for Greece, we examine the available options – from financial support and austerity measures to the nuclear option of a debt default.

Greek Prime Minister George Papandreou is to unveil a new cabinet and seek a vote of confidence from his Socialist party to try to push through an austerity package and avoid default.

If a new round of austerity measures in Greece fail, analysts tell Channel 4 News the country’s financial crisis could spread and leave a chunk of the world economy in ruins.