Greece on thin ice

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Debt issues in Greece seem to have intensified after Eurozone finance ministers rejected the offer from private bond holders to help restructure Greek debt. Meanwhile, data just released has indicated an improvement in Eurozone and German manufacturing activity. On the domestic front, new statistics reveal that public sector net borrowing fell more than expected for December. Sterling’s future course is likely to be heavily influenced by tomorrow’s fourth quarter GDP numbers and the BoE minutes of the last rate setting meeting.

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Greece on thin ice

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