Monday, November 12, 2012

Greek Economic Horror: Greece Battles to Avert €5billion Default

Latest news about Greece battles to avert €5bn default, Country has announced plans to cover full amount through a treasury bill auction, but Greek banks expected to buy the issue can only raise about €3.5bn

Meanwhile, UK misses out on carbon capture cash. An official confirmed the UK would not get money in the first round of a CCS contest because it had not come up with co-financing details

From Eurozone economic news, Economic Outlook: eurozone move awaited, The meeting of the currency bloc's finance ministers on Monday, and any decision on clearing the next slice of aid to Greece, remains the focus for markets

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