ECB

Henderson's John Bennett has overhauled the Henderson European Focus trust, introducing more risk into the portfolio through active bets against the benchmark.

MAPPING THE DEBT CRISIS

Continued pressures on the eurozone and an environment of falling inflation will prompt the ECB to lower interest rates from 1% to 0.5% this year, according to M&G's Stefan Isaacs.

The European Central Bank has held interest rates at 1% but president Mario Draghi has voiced concerns over the situation in Hungary.

The public's willingness to accept economic reform may be a greater problem for Europe this year than the stubbornness of the ECB, according to the managers of the Ruffer Investment Company.

THE EURO

We ask investment experts for their forecasts for 2012.

ELECTIONS

Markets have struggled to gain further ground after the European Central Bank announced it had lent almost €500bn to banks in a three-year liquidity operation.

ON EUROPE