All the latest economic and financial news, including developments around Greece’s debt negotiations and new eurozone unemployment and inflation dataEuro hit by Greek deadlockComing up: Eurozone inflation and jobless data 8.04am BST Russia’s TASS news agency is running quotes from Alexis Tsipras, saying that Greece opposes the sanctions imposed on Moscow over the Ukraine conflict. Bloomberg have picked them up too:*GREEK PM TSIPRAS SAYS COUNTRY OPPOSES RUSSIA SANCTIONS: TASS#Tsipras says #Greece can be bridge between Russia, West: TassIf the Tass report is accurate and Tsipras just broke rank with EU, might hint he sees nothing left to lose, i.e. no deal on bailout 7.58am BST The euro is likely to keep falling, thanks to Greece’s debt problems and the ECB’s new stimulus package.That’s according to Shusuke Yamada, a Tokyo-based currency strategist at Bank of America Merrill Lynch, who told Bloomberg that:“Markets are becoming more sensitive to the Greek issue.In addition, the European Central Bank’s quantitative easing is keeping downward pressure on the euro. Fundamentals point to euro selling.” 7.45am BST The euro has fallen back this morning after Greece failed to agree a package of economic reforms with its lenders on Monday, as hoped.The single currency has fallen half a cent against the US dollar, hitting $1.078, as traders reacted to last night’s events in the Athens parliament, and the prospect of more deadlock ahead.Ready to rumble: EURUSD breaks below 1.0800. Now Euro trades at $1.0789. pic.twitter.com/3KsDLBvBH0It is true that we are seeking an honest compromise with our lenders but don’t expect an unconditional agreement from us.”ND's Samaras tells Greek govt: 'We will support you, but not on anything. If you push the country back to recession and deficits, we won’t'Samaras says Tsipras imagined he'd get money without terms but ended up getting terms without money #Greece“The brinkmanship continues as both sides continue to stare at each other over the political void. Despite Greece hurtling towards bankruptcy, an agreement continues to evade.” The euro is under renewed pressure on persistent concerns about Greece. 7.43am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.There’s a lot of talk at present that Europe’s economy is healing, and we’ll get a proper healthcheck today with new inflation data for this month, and the February unemployment report, both at 10am GMT. Continue reading...
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