The survey, which was conducted between 20 September and 9 October, added that banks expect to see demand from firms, consumers and house buyers to continue to weaken in the fourth quarter and they believe they will continue to tighten their lending rules. 09.13 Staying in Greece, the president of the European Working Group - which is composed of senior finance officials from eurozone governments - has said the Troika (EU, ECB and IMF) will not discuss a new debt restructuring plan for Greece. Speaking to German radio Deutschland Radio Kultur, Thomas Wieser said media reports about a possible debt restructuring are nothing more than mutually reinforcing press speculation and "have nothing to do with the work of the Troika." "In none of the discussion rounds [with the Troika] was the word 'haircut' mentioned," he said. 09.09 A big phone call is due to happen at 11.30am as eurozone finance ministers hold a conference call to discuss ways to fill Greece's financing gap and allay investor concern the country may need to exit the euro just two weeks before a decision is due on whether to give the country a further round of emergency funds. While German Chancellor Angela Merkel has signalled her desire to stand behind Greece's euro membership, Prime Minister Antonis Samaras's coalition is still at odds over the steps needed to secure more money. 08.49 Lord Heseltine's report, which was commissioned personally by George Osborne, is publshed today and in it the former Tory deputy prime minister has urged David Cameron to produce a radical growth strategy and change government fundamentally if Britain is to win the "relentless economic war." Writing in today's Telegraph Lord Heseltine said the market can't deliver growth without government help. Wealth doesn't create itself - the Government must champion Britain's cause in a tough, competitive world. 08.30 Markets have had a strong start in early trading, following a positive day yesterday. The FTSE 100 is up 0.33pc, the CAC and IBEX are up 0.4pc while the DAX is up 0.5pc. 08.23 Later today Greece will present its 2013 budget bill which is expected to include a large chunk of the austerity measures demanded by its foreign lenders. A government official told Reuters this morning that the country will aim for a surplus of 0.4pc of GDP in the budget, which is down on its initial target before debt servicin of 1.1pc. 07.56 A survey out today is bleak reading for middle-class households in the UK, which face "unprecedented" cuts to their standards of living by the end of the decade, According to the Commission on Living Standards Even as the economy recovers, a typical household is expected to be £800 a year worse off in 2020 than they were in 2008, according to leading economists, business figures, academics and campaigners. A decline in the number of middle-ranking jobs, the economic "crunch," and high unemployment among women and older people are to blame for the "bleak" forecasts, the report said. 07.44 Taking another look at the EU's finances, the European Central Bank's executive board member Benoit Coeure has said the ECB must be mindful of the risks posed by assets held on its balance sheet as ultimately taxpayers will bear the burden of any losses Speaking at a seminar held in Osaka, western Japan, Coeure said there was no shortage of collateral in the euro zone financial market and the priority was to make better use of it to ensure smooth financial transactions. "We have to care about the risk portfolio of our balance sheet," he said. We are at a time when the euro area capital markets are very fragmented because of the crisis. This should not last long," he said, adding that the ECB will do anything it can in terms of financial infrastructure to unite the region's capital markets.