- US economy bounces back in second quarter
- Spanish economy grows at fastest pace since 2007
- Irish economy returns to pre-crisis ‘Celtic Tiger’ levels
- Greek prime minister calls for Syriza referendum on Sunday but favours party congress in September
- European stock markets buoyed by higher corporate profits
- Energy giants Shell and Centrica to slash jobs in avalanche of corporate news
Good-bye, and thank you for all your great comments. We’ll be back tomorrow.
Before I go…. The Financial Times is reporting that the IMF’s executive body has been told by its staff that Athens’ reforms don’t go far enough and the fund should not be involved in the troika’s third, €86bn bailout. The paper says:
The International Monetary Fund’s board has been told Athens’ high debt levels and poor record of implementing reforms disqualify Greece from a third IMF bailout of the country, raising new questions over whether the institution will join the EU’s latest financial rescue.
The determination, presented by IMF staff at a two-hour board meeting on Wednesday, means that while IMF staff will participate in bailout negotiations currently under way in Athens, the Fund will not decide whether to agree a new programme for months — potentially into next year.
Source: The Guardian Circular Economy RSS