Greece rejects German budget proposal

Source: BBC
Greece rejected German proposal on the EU controlling the country's budget. It is impossible for Greece to give a control over its spending and tax policies to the EU, said Pavlos Yeroulanos, Culture Minister. At the same time, the EU is worried that Greek measures to reduce its budget deficit may prove to be inefficient. Currently, Greece and private bondholders are close to an agreement on the country's debt cut.


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Mon, 30 Jan 2012 10:18:54 GMT

China's bank announced slower real estate loan growth

The PBOC reported that the loans to the real estate sector slowed in 2011 while proportion in the real estate loans in the overall lending also decreased. The country's banks saw CNY 1.26 trillion new loans last year as compared to CNY 2.03 trillion in the preceding year. New loans to property market amounted 17.5% of the total new loans

Mon, 30 Jan 2012 11:57:53 GMT

Crude oil falls on the uncertainty over Iranian cut of oil exports

Crude oil futures traded lower during the early Asian session amid mixed news from Iran where heads threaten to curb oil exports to some EU countries. However, Iran did not mention the exact countries, to which the export will be halted. Light, sweet crude oil futures for March delivery traded at USD 99.44 a barrel on the New York Mercantile

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