Tuesday, 21 February 2012

Greek bailout: Talks continue

The bailout for Greece did not materialise on Monday. European finance ministers continued to haggle into the night in Brussels over the terms of new loans to Greece.

Meanwhile, there were some positive economic data out in the euro area on Monday.

Frence business confidence ended a seven-month decline in February, with Insee's manufacturing index holding at 92. More encouragingly, the order books index rose to minus 26 from minus 28 and the production outlook index increased to minus 27 from minus 36.

A report from Italy on Monday showed that industrial orders rose 5.5 percent in December.

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