News roundup: Wednesday's main stories

ESB talks breakdown; Markets decline; Merkel sticks to her guns; Taoiseach calls for bigger ECB role; Zynga seeks $10 billion valuation

1st December, 2011
News roundup: Wednesday's main stories
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* Talks between ESB unions and management on payroll reductions came to an end this afternoon without reaching agreement.

* European shares declined as China’s manufacturing contracted in November adding to concern global economic growth is slowing down. The ISEQ fell 1.4 per cent.

* Chancellor Angela Merkel said jointly issued bonds could be “damaging” for Europe and the European Central Bank must operate free of “praise or criticism,” according to Westdeutsche Zeitung.

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