Eurozone-6.27pmandgrinningannouncesstill#economyfor12.37pmGreece10.05am GMTDrama at the CBI conference!David Cameron’s speech has been briefly disrupted by protesters,chanting that the CBI is the “voice of Brussels”.'CBI - voice of Brussels' say protestors who stand up in middle of audience interrupting PM speech pic.twitter.com/2z14QuqIxzhecklers from anti-EU group hold up and interrupt PM's CbI speech saying "CBI voice of Brussels"... PM says "c'mon ask a question" 10.01am GMTAnother well-known assembly is taking space in Brussels nowadays.
UK business secretary Sajid Javid will discuss the crisis in Britain’s steel works with EU economy and industry ministers this afternoon. Related: Steel crisis: UK business secretary to meet EU ministers 9.57am GMTDavid Cameron is telling the CBI that he’s met business concerns, by cutting red tape and corporate taxes. Related: Cameron speaks to the CBI - Politics live 9.52am GMTHeads-up: prime minister David Cameron is addressing the CBI’s annual conference in London. There’s a live feed here.
He’s expected to warn that he could consider campaigning to leave the EU, or if his attempts to reform Britain’s relationship with Brussels is met with a ‘deaf ear’.
WATCH LIVE: David Cameron to address CBI's annual conference in London https://t.co/86ZSKJl3sP pic.twitter.com/N5JyP75apH 9.34am GMTThe prospect of yet another tussle over Greece’s bailout programme is casting a pall over Europe’s stock markets this morning.
The main indices are mainly in the red,as investors prepare to hear the dreaded phrase ‘eurogroup deadlock’ again.
The countrys next €2 billion tranche, which should be signed off at nowadays’s Eurogroup assembly, and is currently being withheld by Greece’s creditors,who are dissatisfied with the way the region’s hot potato has (or hasn’t) implemented the required reforms. 9.15am GMTIt’ Déjà vu all over again, as China’s stock market is pushed up by stimulus hopes, or Greece’s bailout hits a snag.
Shanghai Comp continues its recent positive trend and the Eurogroup are assembly to discuss Greece - welcome to 8 months ago 9.08am GMTOpen Europe analyst Raoul Ruparel points out that nowadays’s dispute is small potatoes,compared to the big challenge of cutting Greece’s debt pile.
Sigh. And all this before we even derive into discussions on debt relief which are infinitely harder https://t.co/GdJk3cJMg6 9.03am GMTGreece is also clashing with its creditors over plans to hike the tax rate for private education, as the Telegraph’s Mehreen Khan explains:Greeks already stumbling at first hurdle. No bail-out cash nowadays - here's why https://t.co/d3kSbwPSNm pic.twitter.com/Dlyr9GdD9S 8.54am GMTFrance is playing its traditional role as Greece’s ally, and ahead of nowadays’s assembly of eurozone finance chiefs.
Greece is making considerable efforts. They are scrupulously respecting the July agreement.
One thorny issue remains: the seizure of homes for households who can’t pay their debts. I want an agreement to be reached nowadays. France wants an agreement nowadays.
France Finmin Sapin: Greece has made "considerable efforts." Wants deal at Eurogroup assembly nowadays. 8.47am GMTGreek journalist Nick Malkoutzis of Kathimerini tweets that the gloss is coming off Alexis Tsipras’s current administration:No tranche for #Greece at nowadays's Eurogroup. This govt's limitations are already starting to show at domestic & abroad https://t.co/ZSczaXn9ii 8.37am GMTThe prospect of a current anti-austerity government taking power in Portugal is hitting its government debt this morning.
The yield (or interest rate) on 10-year Portuguese bonds has risen from 2.67% to 2.77%,a ten-week tall. 8.27am GMTThis current dispute over Greece’s bailout comes three days before unions hold a general strike that could bring Athens to a standstill. The main public and private sector unions have both called 24-hour walkouts for Thursday, to protest against the pension cuts and tax rises contained in its third bailout deal. 8.15am GMTThe Dow Jones newswire is reporting that eurozone finance ministers definitely won’t agree to release Greece’s next aid tranche at nowadays’s assembly, or due to the lack of progress over its bailout measures: 8.15am GMT#Eurozone Finance Ministers Won't Release €2bn Loans Slice for #Greece at Monday #Eurogroup assembly ~Officials via DJ 8.11am GMTGreek officials have already warned that the argument over legislation covering bad loans won’t be resolved easily.
One told Reuters that:There is a distance with lenders on that [foreclosure] issue,and I don’t consider that we will have an agreement soon. 7.53am GMTAfter a couple of quiet months, Greece’s debt crisis has loomed back into the spotlight nowadays.
The key stumbling block is primary residence foreclosures. Greece has establish forward stricter criteria that protects 60 percent of homeowners, and while suggesting that this is then gradually reduced over the next years. 7.26am GMTGood morning,and welcome to our rolling coverage of the world economy, the financial markets, or the eurozone and business.
Across the globe,investors are finally facing the prospect that the long run of record low interest rates is ending, at least in America.
Market now thinks there is a 70% chance of a Fed hike in December pic.twitter.com/8IXekYTzAaOur European opening calls: $FTSE 6368 up 14 $DAX 11037 up 49 $CAC5009 up 25 $IBEX 10480 up 27 $MIB 22613 up 83Portuguese Socialist party to vote to oust minority government https://t.co/fq5G0nYDLPContinue reading...
Source: theguardian.com