The German government has insisted it wants Greece to stay in the eurozone and will not be ‘blackmailed’ into changing the terms of the country’s bailout 8.14am GMT An interesting business story on the Guardian’s front page today:The entrepreneur and inventor Sir James Dyson has hit out at Teresa May’s plans to expel international students once they have graduated.Theresa May’s latest ploy to swing voters concerned about immigration magnifies my worry: she wants to exile foreign students upon qualification from British universities. Train ’em up. Kick ’em out. It’s a bit shortsighted, isn’t it? A short-term vote winner that leads to long-term economic decline. Of course the government needs to be seen to be “doing something”. But postgraduate research in particular leads to exportable, patentable technology. Binning foreign postgraduates is, I suppose, a quick fix. But quick fixes don’t build long-term futures. 8.07am GMT Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and the business world.The euro has fallen to a nine-year low against the dollar this morning, following a report that German chancellor Angela Merkel is ready to see Greece leave the currency union.The danger of contagion is limited because Portugal and Ireland are considered rehabilitated.Many European officials believe a Greek exit would be manageable, and in contrast to 2010-2011, we wouldn’t see the same cascading effect on countries like Spain or Ireland.That is why we can’t be blackmailed and why we expect the Greece government no matter who leads it, to abide by the agreements made with the EU. Continue reading...
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