UK may be forced into Greek bail-out - papers

Britain at risk of being sucked into a second bailout for embattled Greece, the financial sector’s “ferocious” drag on the UK’s recovery and the Fed considering an inflation target…we bring you the day’s biggest news from the nationals.

Britain could be sucked into a second bail-out after European diplomats confirmed the EU Financial Stabilisation Mechanism (EFSM) could be tapped for up to €8bn (£7bn) for an additional rescue package for Greece. MORE...

The financial sector is imposing a ferocious drag on Britain's recovery after contracting for five out of the six quarters after the end of recession, the Chancellor said last night. MORE...

Greece, the sickest patient in the ailing eurozone, was rocked yesterday by a nationwide strike of millions of workers and hours of rioting in street protests against the government's austerity plans. MORE...

The Federal Reserve, the US central bank, is considering publishing a formal inflation target as a way of keeping prices under control. MORE...

Barclays has unveiled an ambitious set of plans to increase revenues and cut costs within the next two years as the bank detailed how it intended to hit its return target. MORE...

Barclays also insisted yesterday it did not use its retail deposits to support its investment banking business, as chief executive Bob Diamond set out a series of measures designed to boost the bank's return to shareholders. MORE...

India's central bank raised interest rates for the 10th time since March last year in its fight to curb inflation despite slowing growth in Asia's third-largest economy. MORE...

Justin King, the chief executive of supermarket J Sainsbury, said the consumer economy is the toughest he has known it in his near-30 year career in the food retail sector. MORE...

Swiss politicians have agreed new rules designed to make the country's banks among the safest in the world. MORE...

Asian stocks tumbled today, hammered by violent unrest in Greece amid the country's deteriorating debt crisis and a disappointing US manufacturing report. MORE...