Europe

As the euro crisis staggers on, Greek EU commissioner Maria Damanaki has raised the prospect of her country being forced out of the eurozone if it does not quickly assert control over its wayward public finances.

Newton manager believes tightening policy now could be detrimental to growth.

The euro crisis is following a predictable path. The bills have increased greatly, and are being passed around in the hope the problems will go away.

ON EUROPE

Three of Ireland's lenders could impose losses of up to 90% on bondholders under plans to see them help pay for the recapitilisation of the country's banking system.

Financial regulators in Europe have called on the Obama administration to speed up reform of its banking regulations to prevent the world's largest economy gaining an unfair advantage over counterparts.

BlackRock's chief executive has warned Europe needs its own US-style Troubled Asset Relief Program (TARP) as the sovereign debt crisis continues.

ON EUROPE

The head of the Eurogroup sent the single currency tumbling yesterday after he issued a warning to Greece that it may not be bailed out again if it gets into further difficulty.

RLAM European Growth manager shuns defensives and piles into banks with eurozone issues ‘already in the price'.