ECB

PIMCO's Bill Gross has said the Federal Reserve and other central banks are to blame for "the current shipwreck" that is the global economy.

ECB president Mario Draghi has outlined details of a plan to buy unlimited amounts of eurozone nations' short-dated debt in an effort to stem the eurozone crisis.

Greece's European lenders have demanded the government in Athens enforces a six-day working week in order to meet the terms of the country's second bailout.

CURRENCIES

The European Central Bank(ECB) should launch an "unlimited" bond buying programme to help stem the eurozone debt crisis, according to the secretary-general of the OECD.

The Spanish region of Catalonia has asked the central government for a €5bn pay-out to help the struggling region, amid the country's latest GDP data showing it is in a deeper recession than feared.

Global asset allocators are urging investors to look past the VIX index's fall to a five-year low last week, and shield assets against a further bout of volatility in the coming months.

L&C CIO

Guy Foster, head of portfolio strategy at Brewin Dolphin, discusses the progression of the eurozone crisis in light of the latest policy shift.

European markets rose in early trading as investors awaited a meeting on Greece's future and possible anti-crisis action from policymakers.