Athens managed to raise sufficient funds to make a €5bn debt repayment due this week, giving international lenders more time to resolve their differences over changes to Greece's €174bn bailout. Athens on Tuesday sold €4.06bn in one-month and three-month Treasury bills which, together with funds expected to be raised from non-competitive bids, should allow it to redeem bills coming due on Friday. Vodafone has been forced to write down almost £6bn from its operations in economically ravaged countries in southern Europe, taking the shine off a £2.4bn cash dividend from its stake in Verizon Wireless in the US. UniCredit, the country's largest lender, swung to a net profit of €335m in the quarter, a big improvement on the €10.6bn loss for the same period last year that was caused in large part by large writedowns on acquisitions made seven years ago. Two of Britain's leading bankers have called for all the existing debt issued by the country's banks to be made "bail-inable" to create a buffer of more than £200bn before any troubled bank would have any cause to call on government support in future. Markets: Stocks on Wall Street resumed declines as optimism over better-than-expected corporate earnings faded, and lingering fears over Europe's debt woes and the looming fiscal cliff in the US weighed on investors" sentiment. After a volatile session, the FTSE All-World equity index ended 0.3 per cent lower, while the FTSE Eurofirst 300 closed 0.4 per cent higher. The dollar index rose slightly as copper gained 0.5 per cent to $3.49 a pound. Gold prices edged lower to $1,724 an ounce. FT's Global Market Overview Industrial production in the euro area and the Bank of England quarterly inflation report will be published tomorrow. US producer prices, retail sales, and business inventories data to be released, and minutes from the last Fed meeting published. Footnoted squints at some 8-Ks, finds interesting exec pay info. Before considering retirement ages and changes to social security, look at this graph. Google ad revenue vs that of print advertising. Competition in the banking sector: not a substitute for regulation. The iPod. It's been around for over a decade. Goldman's leader speaketh, on derivatives.