Europe

Newton income manager Iain Stewart has warned the problems in Greece are just the tip of the iceberg of a ‘monetary distortion' across the developed world and could trigger 'debt dominoes' throughout Europe.

EU leaders have agreed a further €109bn (£96bn) bailout for Greece, one-third of which will come from private sector bondholders.

European markets have surged on reports eurozone leaders will back a 'selective default' on Greek debt.

Investment Week and our sister title InvestmentEurope provide ongoing updates of the latest industry thoughts around today's crisis talks on the future of the euro.

Christopher Rose, partner at global legal practice, Squire Sanders, discusses the perception gap between private equity investors inside and outside of the Russian market.

Eclectica Asset Management is to close Hugh Hendry's CF Eclectica Europe fund.

William de Broë, the private client subsidiary of Evolution group, is looking to acquire part of the wealth management arm of BNP Paribas.

We asked Société Générale's Dylan Grice and Stuart Thomson from Ignis to discuss their views on the Greek debt situation as well as the various possible solutions.

Markets have remained lower this afternoon as negative reaction to European bank stress tests continue to drag on the FTSE 100.

Worries over the eurozone debt crisis have prompted the Ernst & Young Item Club to cut its forecast for GDP growth this year from 1.8% to 1.4%.