ECB

Eurozone leaders' failure to call for ECB intervention on the continent's debt crisis at a press conference yesterday caused the euro to fall to a seven week low against the dollar.

FIXED INCOME

The new president of the European Central Bank (ECB), Mario Draghi, has called on European leaders to aid bond markets by increasing the size of the eurozone bailout fund.

ON ASSET ALLOCATION

Since inception, the euro area has been an accident in waiting. Moreover, it was at a turning point in the cycle that the initial skid was always likely to occur.

Kames Capital's Bill Dinning said the ECB needs to urgently introduce quantitative easing to avoid a situation that would make the Lehman Brothers collapse look like "child's play".

ON EUROPE

EUROZONE CRISIS

The London offices of Royal Bank of Scotland (RBS) have been raided as part of a major investigation by the European authorities into allegations lenders manipulated a key borrowing rate in the run-up to and during the financial crisis.

JO Hambro Capital Management's Paul Wild has urged investors not to give up on Europe as a "grand plan" is on its way.