Unlike the difficulties Cyprus encountered when trying to levy bank deposits, our Government’s raid on pension funds here was carried out almost without incident, writes Joe Brennan

Greece sank deeper into a political and financial morass as initial efforts to form a new coalition government failed, a day after angry voters punished parties backing the country’s international bailout.

THE eurozone’s rescue fund used to bail out Ireland, Greece and Portugal was given the all clear by Germany’s constitutional court, but securing further loans could be more difficult.