#Greek TV: Senior judge Panagiotis Pikramenos named caretaker PM, new election on June 17
Here's the video of the killer quote from the BoE Governor today - "euro area is tearing itself apart"
bit.lyItaly's banking lobby to call on regulators to ignore assessments of ratings agencies after mass downgrade of 26 of the country's lenders
Reuters: VPRC POLL SHOWS GREEK ANTI-BAILOUT SYRIZA PARTY PLACING FIRST IN ELECTION WITH 20.3 PCT OF VOTE, NEW DEMOCRACY TAKING 14.2 PCT
BoE's King: "There's no obvious reason to believe we can't get back to original path [of economy pre-crisis] but may take 10/15/20 years"
Here's a link to the @bankofengland inflation report. The ultimate guide to where Britain's economy is right now (PDF)
www.bankofengland.co.ukBoE expects jubilee bank holiday to knock a whopping 0.5% off GDP growth in Q2. All but guarantees a continuation of the recession
Bank of England: 2012 Olympics set to boost UK growth
Sir Mervyn King on Euro Crisis: Euro is tearing itself apart without any obvious solution
Sir Mervyn King on Euro Crisis: Kicking the can down the road is not the answer
Sir Mervyn King: Contingency plans for a euro break up are being discussed
Sir Mervyn King: Uncertainty is the spice of life
Sir Mervyn King: Path to UK recovery will be slow and uncertain
Initial take from Inflation Report: door still left ajar for more Quantitative Easing. Central forecast is CPI below target in 2yrs
Sir Mervyn King: UK inflation to remain above 2% target until the middle of next year
Bank of England cuts growth forecast. Now sees significant chance of negative annual GDP growth this yr. Raises near term inflation forecast
Once again the @statisticsONS website still hasn't got the official release online even 10 minutes after the unemployment figs announced
Only discouraging news is annual avg earnings growth dropped from 1% to 0.6%. Workers accepting lower salary increases to keep their jobs
GOOD news for UK: unemployment rate falls from 8.3% to 8.2% in March. Had been exp to rise(!) Claimant count for April also down 13.7k
FTSE 100 down to 5357, lowest level this yr. On bright side, it's only down 20% from peak in 2007. Spain down 58% since then. Greece 90%
Main European share markets all down on Greece concerns. FTSE100 -1.26%, DAX30 -1.44%, CAC40 -1.09%, MIB30 -1.5%, IBEX35 -1.82%
Breivik Trial: Survivor Wrote In Blood
Fire Deaths Parents Speak Of Grief
Mladic War Crimes Trial Begins
UK News Feed