Europe

ON EUROPE

Portugal will need a bailout in 2011, but the future of the eurozone will depend on the fate of Spain, Italy and Belgium, says MAM Funds' Martin Gray.

PIIGS STILL A CONCERN FOR EURO CREDIT

Henderson is to merge away both its UK and European Opportunities funds as part of its rationalisation programme following the acquisition of New Star.

Neptune's Rob Burnett says the EU authorities will be pushed to take stronger action in the first half of next year to shore up the sovereign states and European banks.

Moody's has slashed Ireland's credit rating, and warns more downgrades are set to follow.

EUROZONE DEFAULT A CERTAINTY

DOES EUROZONE CONTAGION MATTER?

European Union leaders have agreed to set up a permanent mechanism to bail out any member state whose debt problems threaten the 16-nation eurozone, the BBC reports.

ON EUROPE