European Union Heads of State are meeting in Brussels today to talk about the financial crisis engulfing Greece. The Greek government owes 300 billion euros, or £263 billion pounds, which is more than the whole country earns in a year. The administrator of a firm that’s been blamed for the collapse of the travel company FlyGlobespan has told the BBC that it could owe creditors as much as £100 million. Administrators of FlyGlobespan, which went bust just before Christmas, say that the credit card company that handled the transactions, E-clear, owed the travel firm alone nearly 35 million pounds. Finally, new research shows that one in five shops in the Midlands and the north-east of England is standing empty.
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