eu

EUROPE

With banks hitting the headlines for all the wrong reasons, Joanna Faith asks financials managers whether the recent volatility has provided a good buying opportunity or whether there is better value elsewhere.

EUROZONE CRISIS

The Chancellor, George Osborne, is taking legal action against the EU over plans to give a pan-European superviser far-reaching powers to ban or limit the short-selling of financial products, the Financial Times reports.

SATIRICAL VIEW

Unemployment in the eurozone reached yet another record high in March as spending cuts continued to hit the working population.

Yields on tranches of German debt fell below the amount paid by Japan for the first time ever mid-afternoon, as investors considered the likelihood of another round of stimulus in Europe.

Bankers could see bonuses capped at twice their basic pay and forced to return "golden hellos" if they fail to perform, under draft European rules being drawn up.

THE BIG QUESTION

ENERGY PLAYS FOR 2012