Rushed remedies could put the UK back into recession

If the Government, keen to take advantage of the consensus over the need to repair the country’s finances — the national debt reached a record £890 billion last year — rushes plans to cut spending, it could place economic growth in jeopardy.

http://www.timesonline.co.uk/tol/news/uk/article7127138.ece

Greece raises taxes on alcohol and tobacco

The Greek government has announced increases in taxes on alcohol and tobacco as it seeks to counter the country's debt crisis.

http://news.bbc.co.uk/1/hi/business/8449252.stm