PRESS DIGEST- British Business - June 16
June 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
Greece is heading for a "state of emergency" and exit from the euro after negotiations to prevent the country defaulting on international debts broke down amid acrimony last night, said Günther Oettinger, Germany's commissioner. (thetim.es/1GoHN3U)
Thomas Cook Group Plc, the UK-based travel company, has launched a joint venture with Chinese company Fosun International Ltd to take its package holidays to China. (thetim.es/1FjmrRM)