Mortgage News
EU debt talks ‘not a crisis meeting’ – today’s papers
Senior European Union (EU) officials are set to meet later on Monday to discuss the eurozone’s continuing debt woes.
The talks in Brussels were arranged over the weekend by European Council president Herman Van Rompuy.
His spokesman denied to the BBC that it was a crisis meeting.
Reports say the meeting was organised on worries that Italy could be drawn into the debt crisis. MORE...
Meanwhile, talks at the White House to try to break the deadlock over the US national debt have broken up without agreement.
President Barack Obama and congressional leaders have agreed to resume the talks, which ended after 75 minutes, on Monday.
Episode 5: Larger Loans and Complex Lending: Powered by Partnership podcast from Newcastle for Intermediaries
Sponsored by Newcastle for Intermediaries
Obama is struggling to marshal support for a budget package that would cut the national debt by $4tn (£2.5tn). MORE…
Elsewhere, one-in-three finance directors now believes the economy will fall back into recession, according to the survey of FTSE 100 and 250 companies by Deloitte.
Their concerns come as economists have moved swiftly to downgrade their growth forecasts following poor figures on construction and manufacturing late last week. MORE…
Inflation data for June – due out tomorrow – is expected to show that for a third month in a row the yearly rise in prices was 4.5%, the steepest rate since October 2008 and more than double the Bank of England’s official 2% target. MORE…