As they study the deal and look at the real choices they face, taking in the exchange offer and the alternatives, I think there will be growing recognition of the benefits. We'll know in four days. 07.25 Ireland, which has set itself on a collision course with Germany with it calling of a referendum on the new EU fiscal pact, gives reason for hope on Monday with the services sector returning to growth in February. It expanded at its fastest pace in 12 months. The NCB Purchasing Managers' Index, which measures activity in the services sector, rose to 53.3 from 48.3 in January, jumping back above the 50 mark that separates growth from contraction. New orders rose for the first time in three months, with the new business sub-index rising to 53.5 from 49.7 in January. Export orders gained further momentum, growing at their fastest pace in a year. French Socialist presidential candidate Francois Hollande could beat Nicolas Sarkozy 07.20 Here is a snapshot of how the eurozone debt crisis was being playout out on the Continent this weekend. Greece might need a third international rescue package worth €50bn in 2015, the German weekly magazine Spiegel said on Sunday. The troika of creditors - the European Union, the European Central Bank, and the International Monetary Fund - is said to have expressed strong doubt in a preliminary report that Greece would be able to return to the international money markets to borrow in 2015. French Socialist presidential candidate Francois Hollande said on Sunday he was unconcerned by a report that conservative European leaders had agreed to shun his campaign and he vowed to stick with his plan to renegotiate an EU budget treaty. No changes in eurozone interest rates are expected this week as the European Central Bank assesses the impact of recent moves to flood the banks with cash to avert a credit crunch, analysts say. European Investment Bank (EIB) President Werner Hoyer said Europe must not lose Greece, in an interview with Greek newspaper Kathimerini. 07.12 Brent crude has risen back towards $124 a barrel on fears of a supply crunch as the West presses ahead with sanctions on Tehran. Ambrose Evans-Pritchard writes on the rise in the oil price: Oil is not supposed to ratchet defiantly upwards in a downturn, which is what we have with the eurozone facing a year of contraction in 2012, and much of the Latin bloc sliding into full depression ... Chinese President Hu Jintao (second row centre), Premier Wen Jiabao (second row 2nd R) and government officials sing the national anthem during the opening session of the National People's Congress (NPC) at the Great Hall of the People in Beijing on March 5, 2012. Photo: Getty 07.10 Chinese Premier Wen Jiabao cut his nation's growth target to 7.5pc for 2012 to give the economy more room to slow down if needed while the government carries out promised economic and welfare reforms ahead of a looming leadership transition. He said in his annual work report to the National People's Congress (NPC): We aim to promote steady and robust economic development, keep prices stable, and guard against financial risks by keeping the total money and credit supply at an appropriate level, and taking a cautious and flexible approach. Reuters reports that he put "expanding consumer demand" as his first priority for 2012 - a year in which the ruling Communist Party must also navigate a leadership handover that will send him and President Hu Jintao into retirement in a year. 07.09 Asian stock markets fell on Monday as tough talk by President Barack Obama over Iran's nuclear programme, China announcing its lowest annual growth target in eight years and uncertainty hanging over Greece's ability to clear the next hurdle in its debt reduction plan unnerved investors. Japan's Nikkei 225 fell 0.8pc to 9,698.59, South Korea's Kospi dropped 0.9pc, Hong Kong's Hang Seng lost 1.2pc and Australia's S&P/ASX 200 shed 0.2pc. European shares are expected to drift lower in early trade on Monday. Financial spreadbetters predict Britain's FTSE 100 .will open up 10 to 17 points lower - or 0.3pc, Germany's DAX to fall 11 to 21 points and France's CAC-40 to drop 6 to 9 points. 07.05 Just a reminder of the real issue of the Greek debt crisis - survival. Staff and students of Thessaloniki's University ordered potatoes directly from a group of producers and arranged to be sold directly to consumers at the campus. The idea to cut out profiteering middlemen, started by a local activist group in another Greek northern town a few days ago, has led several other towns looking to emulate the action. Photo: Reuters 07.05 The market's optimistic response the Greek deal, has bemused our columnist Roger Bootle. Is the euro crisis now effectively over, he asks in his column today? The sense of optimism in the markets derives partly from the contrast with the dire mood just before Christmas. At that point, many thought the New Year would usher in Armageddon. Yet we have been back at work for more than two months and still the roof hasn't fallen in. So that's all right then. In truth, there were always more stages to go through before the crisis got to boiling point. Greece was likely to receive a second bailout. My doubts were based primarily on the unreality of the economic forecasts behind such a package, and the conviction that there would, before long, have to be a third bailout. At that point, I reasoned, the patience of other eurozone members would be wearing thin, as would the patience of the Greek government and electorate. But we are not there yet. Roger Bootle says the stage props for Greece's exit from the euro are being manoeuvred into position. 07.02 Greece remains the focal point with holders of Greek debt having four days to decided whether to accept a voluntary debt restructuring. Richard Tyler reports in today's Daily Telegraph: The heavily-indebted country needs 75pc of its private bondholders to accept a £172bn bond swap deal by Thursday evening so it can secure a €130bn (£108bn) international bail-out package. If too few agree to exchange their bonds for a package of new debt and cash that will knock around €100bn off Athens' debt pile, the country faces the real possibility of becoming the eurozone's first sovereign default. Greek politicians have signalled they are prepared to use controversial collective action clauses to impose the restructuring deal. Standard & Poor's, the credit rating agency, has warned, however, that it would treat any attempt to force bondholders into a deal as a "selective default."