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HIGH: GREECE
Greece woes continue. In an attempt to avoid running out of money whilst talks with its international creditors drag on, the Greek government is forcing public sector bodies to hand over their cash reserves. This potentially represents another nail in the coffin of Greek E.U. membership. Disagreements still remain over privatisations, labour market reforms and pension cuts with the left wing Syriza party not wanting to agree to further liberalisations of the labour market such as reducing the minimum wage.
MEDIUM: UK
UK election uncertainty. David Cameron last-night attacked a potential Labour-SNP alliance last night claiming it would be a disastrous move for the UK economy ‘bringing it to a grinding halt’. Again, another sign that, as we head closer to the election date, the pressure and uncertainty is set to increase as the polls are still suggesting we are heading towards a hung parliament. At this stage, there is no clear favourite and both leading contenders offer outcomes that are far from ideal. Interesting times indeed!
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