June 28 - Divisions among Europe's leaders dash hopes of substantive action from the EU summit to tackle the debt crisis.
Divisions among you don't -- doesn't -- hopes of substantial action from the EU summit to tackle the debt crisis. The first casualty Spanish bond yields spiked above the crucial 7% month. The Euro falls to a three week lol and German officials pouring cold water on hopes for any quick fix for the region's problems. Also Barkley suffered its biggest one day fall since 2009. UK finance minister George Osborne said CEO Bob Diamond. Will face tough questions about the banks -- to manipulate key Interbank interest rates. It's been called the most crucial summit in the -- history but anyone looking for groundbreaking deals as likely to be disappointed. Analysts say the most likely outcome is our roadmap for fiscal financial and political union and also a package of growth boosting measures in the shot one. So where does that leave the you know some commentators see continuing weakness even parity with the -- not so HSBC's. Even glimpse the lost Tom was so parity or you're done -- good IT. Was when the US was traits and 250000. Jobs fight Jews in Iran to Bill Clinton this stuff with video ball in the fiscal position. All all of the US economy is just hunky dory and menu you drop but I suck you'd need this simultaneous deterioration of Europe. And something remarkably positive tap into the US and you'd need that double combination the probability of that extremely loud. The Bank of England is likely to recommend buying this release some of the cast their holding as a liquidity buffer. Governor Mervyn King has hinted the rules will be -- to take pressure off the banking sector. And help reduce the cost of -- it in the real economy. Inflation across the eurozone probably stayed at fifteen month lows in June funds to lower fuel -- transport costs economists say this to give the European Central Bank room to cut interest rates. When it meets next week. Stay with us for updates throughout the day I'm Jamie we gave -- this -- --