Finance Links

UniCredit has alerted investors that Britain is at serious risk of a bond
market and sterling debacle and faces deeper woes than Greece.

Prime Minister promises to pull the economy out of the ‘’storm”, but insists
recovery depends on holding to present course.

American International Group is to sell its Alico, foreign life insurance arm,
to a US rival for $15.5bn (£10.3bn), as it moves a step closer to repaying
the US government for its September 2008 rescue.

Germany’s finance minister suggests a European Monetary Fund may be needed
after Greek crisis.

Currency markets are calls to action. No party has yet had the courage to
articulate a credible plan for deficit reduction.

For many economic commentators, the Greek crisis poses the challenge of
uncharted territory. But for a few of us Greece is all too familiar: where
Greece now treads, Africa has already been.

Nana Mouskouri, Greece’s best-known singer, has offered to donate her annual
pension “until the country emerges from the economic crisis”.

Proposals for a new international tax on bank transactions have been given a major
boost after one of Japan’s most senior ministers came out in favour of the
radical plans.

Europe’s largest oil company says that its financial performance is failing to
reflect its range of assets.

The Greek Prime Minister, George Papandreou, told parliament on Friday that
the worst fears about Greece’s economy had been confirmed.