Tag: Sovereign Debt Crisis
THE BIG QUESTION: What next for Europe?
The situation in Europe is highly volatile, after a day of wild rumours and panicky trading on stock and bond markets. Experts warn that disaster could strike ‘in a matter of hours’.
Political fringe in power after shock Greek vote
Support for Greek mainstream parties has collapsed. Now, a group of radical leftists, greens, Maoists and Trotskyists could form a government. They hold the fate of Europe in their hands.
European ‘people’s revolt’ sweeps France and Greece
This weekend the EU’s biggest country, France, elected a new president. The first socialist to take charge for 17 years, Francois Hollande is promising to change the face of Europe.
Biggest credit default in history buys Greece time
After months of wrangling, lenders have agreed to accept losses on their loans to debt-stricken Greece. It’s the biggest default in history – can history tell us what to expect?
Q&A: Greek debt lifeline agreed at eleventh hour
UPDATE: In the early hours of this morning, after 14 hours of negotiation, European finance ministers agreed to fund a huge bailout package for struggling Greece. Will it be enough?
Euro walkout threatens to topple UK government
British politics has been rocked by David Cameron’s decision to quit crucial talks over the future of the EU. Nick Clegg and the Lib Dems are furious, as Europe leaves the UK behind.
Global warnings as economy enters ‘danger zone’
The heads of the World Bank, the IMF and the US Federal Reserve have all issued grim financial forecasts. Governments are running out of options and the markets are full of fear.
Europe on the road to disaster, experts warn
Europe has just approved another €12 billion loan to rescue debt-stricken Greece. Analysts think the country will default, and could push the world economy into a catastrophic depression.