Pat Daly (Letters, July 13) is another who trots out “Greek debt” as a catch-all slogan without actually understanding where this debt came from and that it is made up of two unrelated elements.

WELL, that settles it.

Scenes of coalition troops entering Saddam Hussein’s palaces in Baghdad helped London’s FTSE 100 Index reach its highest close for almost three months today.

The London market had a robust end to the week today, after being boosted by a strong opening on Wall Street.