Europe

DEBT CRISIS BLOG

ON NORTH AMERICA

ON BONDS

ON ASSET ALLOCATION

Actions taken by the European Central Bank this week, combined with the EU's efforts to sign a new treaty, have made it too risky to be underweight bank bonds in Europe, Kames Capital's fixed income team has said.

Britain's relationship with Europe has been dealt a further blow as the nine European states who last night opted not to sign up to the new European treaty have had a change of heart.

Britain will sign up for fiscal discipline in the eurozone, but not at the expense of our industries or our independence, Prime Minister David Cameron has declared.

ON BONDS

ON ASSET ALLOCATION

Angela Merkel and Nicholas Sarkozy are set to meet today as political commentators warn Europe is entering the end game for the crisis, which must be resolved this week to save the euro.