All the latest economic and financial news, including Greece’s debt negotiations and a new healthcheck on the eurozone private sectorLatest: The money’s on the way....Introduction: Greece blames creditors for deadlock 8.29am BST A major readjustment appears to be underway in the bond market.Prices of eurozone sovereign debt are falling this morning, pushing up yields, continuing a trend that began late last month:Sell-off in #Eurozone bonds continue. 10yr govt bond yields of Italy and Spain spike, make fresh 2015 highs. pic.twitter.com/EU2giLaXpyGlobal bond markets have lost about $340 billion since the start of last week 8.22am BST Curious.....Germany’s Bild newspaper claims that Athens is planning a special tax on the country’s 500 richest families.good morning! new status symbol? "#Greece's 500 richest families may face special levy: newspaper" https://t.co/v3OJ8IFQSC via @sharethis 8.07am BST One down, lots more to go....That's one less - Greece Has Made EU200m IMF Repayment, CNBC Says, Citing Reuters. 7.57am BST A Greek official has confirmed to Reuters that the €200m interest payment is winging its way to the International Monetary Fund.“It’s done, the money is on its way,” the official said, on condition of anonymity.Cash-strapped Athens is quickly running out of money while it tries to persuade euro zone partners and the IMF to extend further aid. The payment on Wednesday was not expected to be a problem for the country, but a €750m payment to the IMF that falls due on May 12 is expected to be a bigger struggle. 7.50am BST Newsflash from Athens: Greek officials have just announced that they’ve met the €200m repayment to the IMF due today - lifting the immediate threat of a default.Via Reuters:#Greece makes €200ml repayment to #IMF ~Greek official /via @EM_Equity#Greece | MAKES €200M REPAYMENT TO IMF-GR OFFICIAL..IMF gives Greece money so that Greece can pay IMF so that IMF can give Greece more money 7.46am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.With relations with its lenders deteriorating, Greece must pull together €200m to meet an repayment to the International Monetary Fund today.“They are not only implacable, the feeling that they give us is that they are impossible to satisfy.” “They ask for 10 things to be done and then come back the next day and ask for another 10 more. As much as we would like, that’s not going to lead to compromise.” Related: Greek government takes aim at creditors over stalled bailout talks Another #ECB Day for #Greece. Central Bank's Gov Council to review ELA to Greek banks. Market expects new small increase & no haircut. Yet.Sainsbury's falls to first statutory loss in a decade - £72m after property write offsSainsburys boss Mike Coupe: "The UK marketplace is changing faster than at any time in the past 30 years which has impacted our profits" Continue reading...
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