Europe

ON EUROPE

EUROZONE CRISIS

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.

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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.

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