http://www.guardian.co.uk/business/2012/jan/25/eurozone-debt-crisis-live-gdp-davos
• Angela Merkel has admitted that Europe may fail to save Greece from meltdown. In an interview with six European newspapers, including the Guardian, the German chancellor said that "neither the Greeks themselves nor the international community have yet managed to stabilise the situation". Merkel added that she had doubts about the way the crisis was being handled, like any good leader. The full story is here.
• Greece's creditors are heading back to Athens for fresh talks.Charles Dallara, head of the IIF, will return to Athens tomorrow. The move came after Greek prime minister Lucas Papademos threatened toforce losses on Greek bondholders if they didn't agree to a voluntary deal.
• Christine Lagarde has suggested that "public sector creditors" should take losses on its Greek debt. The head of the IMF floated the idea this morning, shortly before David Cameron reiterated that Britain's reluctance to bailout the euro.
• Britain's economy shrank by 0.2% in the last three months.George Osborne blamed the eurozone, after UK manufacturing and construction both contracted in the fourth quarter of 2011. Ed Balls, though, said the government's economic programme was to blame. Full story here.
• The eurocrisis also dominated the World Economic Forum in Davos. George Soros said that Greece was likely to default and quit the euro. Nouriel Roubini called for less austerity and more growth.
The eurozone's woes continues to loom over Davos today, with leading economist Nouriel Roubini warning that Europe's response to the crisis is "making the recession worse".
Roubini made his warning at a popular lunchtime session attended by our colleague Jill Treanor. She reports that Phillip Jennings, general secretary of the UNI global union, was also in gloomy mood.
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