FINANCIAL TIMES: Wildcat strikes in Greece have prevented the country’s bureaucrats from finalising next year’s vital budget figures, potentially holding up this month’s release of sorely needed fiscal aid and capping an ignominious quarter for global markets.
Despite a tentative improvement in sentiment over the past week, mounting fears over a potential Greek default and the tepid pace of the global economic recovery led to one of the worst three months on record for financial markets.
The S&P 500 dropped 2.5 per cent on Friday, a fall of 7.2 per cent in September and 14.3 per cent decline over the third quarter, its worst performance since the final three months of 2008… (more)
