IHS Global Insight Forecasts An Inevitable Greek Exit

LONDON — The eurozone’s economic slump was a little less pronounced in November than previously thought, although there are few signs the region will emerge from recession any time soon, business surveys showed on Wednesday. Markit’s Eurozone Composite PMI, which gauges business activity across thousands of companies, rose in November to 46.5 from 45.7 in October – markedly higher than the preliminary reading of 45.8 reported 10 days ago.

THE Financial Times' Jennifer Hughes writes:In an interview with the Financial Times, George Papaconstantinou said Greece needed more time to convince international investors of its commitment to reform its finances.