Greeks demanding new bailout programme (video)

Greek Prime Minister Alexis Tsipras has again demanded a review of Greece’s repayment plan, asking for a change to the bailout agreement. He has said that Greece will pay its debt in full, but f{^youtubevideo|(width)425|(height)264|(rel)True|(url)http://www.youtube.com/watch?v=9tozXCv-I2k|(fs)True|(loop)False|(autoplay)False^}eels the current package is not fair. The PM has also said that, "Chancellor Merkel will have to explain her disapproval sooner than later"; which will, no doubt, fail to ease German-Greek tensions.
 
Some UK economists believe that an interest rate rise could come sooner than expected, with the Bank of England due to declare its growth forecasts on Thursday – wage growth and unemployment numbers will be key. However; inflation, predicted to fall towards zero over the next few months, and all nine MPC members voting the same way, suggests that mid-2016 would be the earliest a change is likely to be made. Industrial and manufacturing figures out this morning are today’s UK-based data releases. UK Manufacturing Production is expected to contract month-on-month. The GDP estimate will also be released.
 
With a lack of data out yesterday in the US, we’ll take a look at Friday's superb news. Not only did the US produce strong job numbers (257,000), but on top of that, November and December were also revised up quite significantly from first announced figures. If February shows a number over the 200,000 level, the US would have gone a full 12 months in a row with numbers above the solid 200,000 marker.

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