Greece drops 1 year T-bill auction

High borrowing costs forced Greece to scrap plans to auction one-year paper next week to roll over maturities but the overborrowed country will go ahead and sell six-month T-bills, its debt agency

Trichet: budget cuts won’t lead to new slump

European Central Bank President Jean-Claude Trichet dismissed warnings that drastic and simultaneous spending cuts planned by euro zone governments could send the 16-country bloc back into recession. U.S. policymakers have called for

Trichet says Greek programme realistic

Greece's budget consolidation programme is realistic and represents a good basis for economic recovery, European Central Bank President Jean-Claude Trichet said on Wednesday. "Looking ahead, the economic and financial programme decided by

UK house prices fall 0.6% mm in June

House prices in Britain fell 0.6 percent in June, the third successive monthly fall, a survey from mortgage lender Halifax showed on Thursday, reinforcing the view that last year's housing market recovery