ECB

Investors have suggested the eurozone crisis has not yet reached another critical stage, despite a €100bn bailout of Spanish banks failing to prevent the country's borrowing costs reaching record highs.

EUROPE

Investment bank Morgan Stanley has warned the ramifications of Greece exiting the euro are more serious than markets are anticipating, with a full-scale eurozone collapse now more likely.

SPAIN

Spain's borrowing costs have hit a high not seen since last November on news the government has approached the European Central Bank for help bailing out Bankia.

Markets across Europe have risen on hopes EU leaders may agree new measures to tackle the debt crisis at the NATO summit this week.

ON ASSET ALLOCATION

Leading fund managers are divided over whether investors should participate in equity markets if central banks across Europe provide a further round of stimulus.

As the eurozone crisis continues to batter markets today, we highlight the five key challenges facing the continent.

SATIRICAL VIEW