Call for EU to control Greek budget

27 January 2012, 1:20 pm

Leaked German proposal Greece to cede sovereignty over tax and spending decisions to a eurozone ‘budget commissioner’ to secure a second €130bn bail-out... Read More »

Fitch cuts ratings of five eurozone countries

27 January 2012, 1:16 pm

Agency cuts the sovereign credit ratings of Italy, Spain, Belgium, Slovenia and Cyprus and indicated the possibility of further cuts... Read More »

Cameron and Sarkozy set to resume tussle

27 January 2012, 12:43 pm

The leaders of Britain and France have not spoken since last month when David Cameron blocked a new EU treaty to enforce fiscal discipline... Read More »

Eurozone: playing the blame game

27 January 2012, 11:55 am

Companies the world over are falling over themselves to blame the eurozone for weaker than expected results. Investors should be sceptical... Read More »

Investors caught out by banking rally

27 January 2012, 9:30 am

European financials have rebounded strongly but is this the moment to chase the rally or maintain pessimism, asks Richard Milne... Read More »

EU avoided ‘major, major credit crunch’

27 January 2012, 8:42 am

Europe avoided a credit crunch thanks to €489bn of emergency three-year loans to banks by the European Central Bank last month, governor says... Read More »

Iran ready to cut Europe’s oil at once

27 January 2012, 6:57 am

A law to be debated on Sunday could halt exports of oil to the EU as early as next week, the semi-official Fars news agency reports... Read More »

Italian yields drop as ECB funds kick in

26 January 2012, 11:51 am

Bonds fell below the 6% level before edging back up in the so-called LTRO rally which has also led to sharp falls in Spain, Greece and Ireland... Read More »

European left sets sights on treaty

26 January 2012, 10:20 am

Socialists attempt to draw distinctions with centre-right parties and reverse their fortunes.... Read More »

Is the ECB doing enough to solve the crisis?

26 January 2012, 7:29 am

Extra liquidity has boosted asset prices but may not go far enough... Read More »

Featured Video