TO FINANCE, GREECE HAS OVERTAKEN SPAIN AS THE COUNTRY WITH THE GREATEST UNEMPLOYMENT IN EUROPE.

THE LATEST JOBLESS RATE HAS RISEN TO A RECORD 26 POINT 8 PER CENT.

THE GREEK ECONOMY REMAINS LOCKED IN RECESSON AS THE GOVERNMENT IMPOSES AUSTERITY MEASURES, INCLUDING WAGES AND PENSION CUTS.

STRICT BUDGET CUTS ARE NECESSARY TO QUALIFY FOR MORE THAN THREE BILLION DOLLARS IN RESCUE LOANS.

##READ ON##

TOUGH ECONOMIC TIMES HAVE FAILED TO DENT THE PERFORMANCE OF LUXURY CAR MAKER BMW.

IT'S HAS POSTED RECORD ANNUAL SALES OF ONE POINT 8 MILLION CARS - UP 11 PER CENT FROM THE PREVIOUS YEAR.

BMW SAYS THE POPULARITY OF ITS GROUP BRANDS, WHICH ALSO INCLUDE MINI AND ROLLS ROYCE, HAS OVERCOME CHALLENGING MARKETS.

WHILE THERE WAS MINISCULE GROWTH IN EUROPE, THE LARGEST VOLUME OF SALES WERE IN RUSSIA AND ASIA.

##READ ON##

TO THE MARKETS...

STOCKS IN THE U-S ENDED HIGHER.

AND IN LONDON OVERNIGHT, THE FOOTSIE CLOSED 3 UP.

TO COMMODITY PRICES -

WEST TEXAS CRUDE IS TRADING AT 94 U-S DOLLARS A BARREL.

TAPIS CRUDE IS TRADING AT 119 U-S DOLLARS A BARREL.

AND GOLD IS WORTH 1673 U-S DOLLARS AN OUNCE.

THE AUSTRALIAN DOLLAR IS BUYING 106 U-S CENTS, 80 EURO CENTS AND 66 PENCE STERLING.

 

Advertisement