View more on these topics

FTSE rises on Greece austerity vote

The FTSE 100 has risen in early trades on the back of the decision by Greek MP’s to pass a new austerity package.

At 10.20, the blue-chip index rose by 0.9 per cent to 5904.53. Markets across Europe also rose with the French Cac 40 and the German Dax up 0.4 and 0.6 per cent respectively.

Greece needs to pass through the new reforms required by the European Union and the International Monetary Fund in return for a second £110bn bail-out. The new package includes £2.8bn of cuts.


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. As far as any hope of repaying what the EU has already poured into the country’s economy is concerned, Greece is already on the other side of no tomorrow. It doesn’t even have the wherewithal to pay the interest.

    At this stage in the game, further bail-outs are nothing more than desperate measures to stave off Greece’s inevitable default, in the forlorn hope that by the time it finally happens, all the other countries will have managed to gird their financial loins sufficiently to be able to withstand the fall-out and that Spain, Portugal, Ireland and Italy won’t follow suit, on the basis that if Greece can do it, we may as well too.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm