Europe

Eurozone in crisis

Europe is at the centre of growing unease regarding the state of the global economy.

Dexia, the bank bailed out by the French, Belgian and Luxembourg governments, loaned €1.5bn to two of its investors who then used the cash to buy shares in the company, it has been claimed.

EURO PLAYTHING

European regulators may be given new powers to suspend credit ratings of countries seeking or undergoing bailouts to prevent the "negative spillover effects to other countries", according to proposals for tougher regulation issued by the European Commission....

Germany has cut its economic growth forecast over fears its exports will slow, the BBC reports.

F&C's Sam Cosh has taken over the lead management of the European Assets trust following the departure of Paras Anand to Fidelity.

ON EUROPE

JO Hambro Capital Management's Paul Wild has urged investors not to give up on Europe as a "grand plan" is on its way.

RBS chief executive Stephen Hester has warned if the UK economic recovery is weaker than expected, the bank's results will suffer, a week on from renewed bailout fears for RBS.