Europe

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'.

CQS was the most recent asset manager to give its London client conference the theme of ‘uncertainty' - around the global economy and asset classes - but it will not be the last.

The eyes of the world's investors will be on the European financial markets this morning after a day in which eurozone debt fears saw the FTSE suffer its heaviest one-day fall in two months.