Europe

Fears of France and Spain being the next to suffer in the eurozone debt crisis intensified as 10-year bond spreads reached euro-era highs above German yields yesterday.

Neil Woodford has revealed his "increasing concern" about the situation in the eurozone as he warns of a European credit crunch and the risk of the UK following Europe into recession next year.

The head of the IMF pleaded with China to support the eurozone as she warned the global economy is heading for a "lost decade".

ON EUROPE

European broker CA Cheuvreux has penned an open letter to billionaire US investor Warren Buffett, urging the Sage of Omaha to buy into ‘bottomed out' European equities.

Greece has postponed plans to hold a referendum on the European debt deal thrashed out by ministers last week after the country's opposition leader publicly backed the proposals.

IT IS NOT ALL ABOUT EUROPE

Kames Capital's Phil Milburn said Greece should be forced to leave the euro and Portuguese and Irish defaults pushed through as he outlines his solutions for the eurozone debt crisis.

Greece's Prime Minister George Papandreou has called an emergency cabinet meeting for this afternoon as speculation mounts the country's government is about to collapse.

ON UK INCOME