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Global Markets Update: Possible Greek Delay Hits European Markets

Global Markets Update: Possible Greek Delay Hits European Markets

European shares pare early gains on reports of possible delay in Greek bailout. Bank stocks are mostly higher, though off the day's best levels. Bank of England raises 2-year inflation forecast to a higher than expected 1.8 percent. Italy slides back in recession as economy contracts .7 percent in Q4. German economy shrinks less than expected to .2 percent in Q4.

CNBC | February 15, 2012Watch more videos from CNBC

Tags:. .pare. .shrinks. .bailout. .delay. .inflation

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