greece

European governments yesterday discussed the prospect of a fresh multi-billion euro bailout for Greece - just a year after committing €110bn - in a bid to calm the markets and stabilise the region's currency.

Dominique Strauss-Kahn, the head of the IMF, has agreed to undergo medical tests over allegations of sexually assaulting a hotel maid in New York, in a case which has thrown European debt crisis talks into disarray.

British businesses are seeing costs rise far more slowly than the headline inflation rate, signalling that price increases are set to return to the Bank of England's target, according to leading economic analysts.

The FTSE 100 rose at opening today after a boost from US markets which closed higher on Monday.

The European Union (EU) is preparing to restructure Greece's bail-out package after ministers publicly acknowledged it would need further assistance.

Greek bond yields rose sharply again today as the country's fiscal situation was revealed to be more precarious than feared.

The international rescue package for Ireland has failed to restore confidence in the eurozone debt markets, leading instead to a surge in bond yields across half the currency bloc.

A team of EU and IMF inspectors will arrive in Ireland today to take a closer look at the nation's banking system and prepare for a possible €80bn bailout.

The European Commission will today reveal plans to fine countries posing a risk to the euro to prevent problems seen in Greece from happening again.

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