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Europe Day Ahead: New Greek government eyes bailout revamp

Wednesday, June 20, 2012 - 02:31

June 20 - The party leaders in Greece's new coalition government say their first priority will be to renegotiate the tough austerity terms attached to the country's international bailout

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Greece has a government again bringing some chance that back to the eurozone and yemen's I'm not good. The best objective for the parties making up when you coalition is to renegotiate the tough austerity conditions imposed by the international bailout. With the radical leftist who makes spectacular gains in the election shots out of the process the old guard conservatives on socialist that back in the driving seat. -- don't it would be a strong government that will do what is needed to be sure about that agrees we need the best good surprise for everybody. Some observers are putting the chances of Greece leaving the Euro as high as 75%. Despite the new government -- -- Peter Dixon puts it -- I think he's a 5050 coolest day adjust to as to which way things were going to certainly get a sense. Not so yes some of the had a cool European members are beginning to think that may be they have to act and who would disagree with you go to -- that we might start to seek. Some formal flow of new debt forgiveness. -- bulletins as -- payment into like kind of think. -- I don't think kids and in anybody's interest over a foot from Greece to go. Looking ahead economic data out -- Thursday -- likely to bring little chip for the eurozone both the manufacturing and services PMI indicator is the June. A full cost of post declines services in Germany are also expecting to coming Lola. Another round of quantitative easing from the Bank of England is on the cards it's emerged that beat Governor Mervyn King supported another fifty billion pounds in government bond purchases of this month's policy meeting. He was and they narrowly -- The Michaels had discussed cutting interest rates still further from the current record -- at no point 5%. UK retailers will be in the spotlight on offense stay warm weather last month should help overall retail sales to rise by around one point 2%. Reversing a decline in April. Meanwhile a strong fourth quarter should help Europe's second biggest electrical retailer Dickson -- reports preliminary results for 2011. The group says it's on course to make a crucial bond repayments. This year. Finally I'm sang Suu Kyi addresses the British parliament on Thursday the Burmese pro democracy leader is making her first trip to Europe since 1988. After years under house arrest she's received the Nobel peace prize in no way and has been awarded an honorary degree at Oxford University. That's all from us and Abbott did join us each weekday morning from Reuters today a snapshot of the latest twelve news market headlines and social media box I'm Nigel Stephenson this is -- --

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Europe Day Ahead: New Greek government eyes bailout revamp

Wednesday, June 20, 2012 - 02:31