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Europe Day Ahead: Merkel supports Greece but no new money

Tuesday, October 09, 2012 - 03:11

Oct. 9 - On her first visit to Athens since the debt crisis erupted, the German Chancellor Angela Merkel insists there can be no deviation from the path of reform.

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Angela Merkel brings a message of support to Greece but no you money on her first visit to Athens since the debt crisis erupted the German chancellor insisting. There can be no deviation from the cost of reform despite a massive operation to look down central Athens involving 6000 police six hour visit. Angry protesters scuffled with heavily armed riot control forces. Mogul wants to show -- came -- conservative groups -- sounds on a summer house. He's struggling to impose more cops on a country already ravaged by austerity which many blame on Germany. Meanwhile in Luxembourg eleven EU members agreed to push ahead with a tax on financial transactions. Several countries including Sweden Holland and Holland oppose the measure. But it's been pressed hard by France and Germany is a visible crackdown on the excesses of the banking industry. Spain and Italy reluctantly agreed to support the tax. Looking ahead to Wednesday that leaves a -- fronds are to hold talks on the way -- in the crisis Jerry -- car stockbrokers saw Sammy says Spanish bailout. Is still top of the agenda as the prime minister Mariano Rajoy had surpassed. It does so mr. ruff boy and must feel alone will be talking about there's just to try and stimulate -- most of the same time. Trying to stay in touch with a -- that does not too bad sound -- budget deficits. I'm that the same time is that the resist a little much for the Europeans -- -- mechanism. Spain has to -- -- three point eight billion euros. Where as of the moment it seems that it is likely to be a recipients of US and -- militants potentially relevant that contributes. And that I think is gonna make life extremely difficult this thing going forward. Investor sentiment. Will be tested the Arizona with a couple of key government bond auctions rock solid Germany was so fine billion euros fine give bonds. While Italy when I don't have to pay a bigger premium to sell eight billion euros in short term test. It's crunch time for BA -- and -- ABS is they try to iron out the glitches in the proposed 45 billion dollar mega merger of the two sides have until 16100 GMT Wednesday. To decide whether to press ahead with a plan to create the world's biggest defence group plenty of hurdles remain as the British French German and US governments consider concerns. About security and jobs BAE and DH yes it's still loss for more time to complete the deal. Also Wednesday OPEC releases its monthly oil market report bring crude pushing above 112 dollars a barrel this week. Because of the tensions in the Middle East and threats to supplies to Saudi Arabia says it's satisfying oil prices of foreign foreign off. Not a drag on global course. I'm coming up on his side of the second in our series of interviews and strong pro trichet Spain and Ireland come under the spotlights the former CB chief tells us why that banks were offered differing terms. As a condition of being kept reflects join us throughout the week for Reuters today -- roundup of the latest world news market headlines HAM London time. -- -- problem this is business big.

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Europe Day Ahead: Merkel supports Greece but no new money

Tuesday, October 09, 2012 - 03:11