All the day’s economic and financial news, as investors worry about the Greek debt talks, and elections in France and Germany 7.57am GMT A SPLIT HAS OPENED UP AT THE INTERNATIONAL MONETARY FUND OVER THE TERMS OF GREECE’S BAILOUT, RAISING NEW DOUBTS OVER ITS PARTICIPATION IN THE RESCUE PLAN. Most Executive Directors agreed with the thrust of the staff appraisal while some Directors had different views on the fiscal path and debt sustainability..... Most Directors agreed that Greece does not require further fiscal consolidation at this time, given the impressive adjustment to date which is expected to bring the medium-term primary fiscal surplus to around 1½ percent of GDP, while some Directors favored a surplus of 3½ percent of GDP by 2018. 7.38am GMT GOOD MORNING, AND WELCOME TO OUR ROLLING COVERAGE OF THE WORLD ECONOMY, THE FINANCIAL MARKETS, THE EUROZONE AND BUSINESS. Political tensions are rising in Europe, and exerting pressure on the financial markets. Just published: front page of Financial Times UK edition for February 7https://t.co/R8H8wI1ZAO pic.twitter.com/329oFbx5C6 European markets got off to a poor start to the week yesterday, slipping to seven week lows, with investors once again reluctant to try their luck against a backdrop of rising political risk, on both sides of the Atlantic. While US President Trump has extended his one man crusade to the US court system, after his travel ban was overturned, any notion of a more stable political outlook in Europe took another twist over the weekend, as a narrowing of opinion polls in Germany, cast doubt on Angela Merkel remaining as Chancellor later this year, while Marine Le Pen launched her bid for the French Presidency as well. Continue reading...
 |
| READ THE ORIGINAL POST AT www.theguardian.com |
