Austria cuts Greek aid amid eurozone panic - papers

This, coupled with rising fears over Ireland's refusal to accept a rescue package from the EU and IMF has spooked European investors, who fear the European debt crisis is worsening. EU economics commissioner Olli Rehn says: "I want to call on every responsible European to resist the centrifugal tendencies and existential alarmism," according to the Telegraph.   Markets have been hit hard by the news, with the FTSE 100 falling 2.4% to 5671.9 and the Dow down by 200 points. Read more here MPC minutes to show deep divisions over economy Mervyn King, the Governor of the Bank o...