European Commission

The European Commission has proposed a tax on financial transactions to help fund the cost of the eurozone rescue package which could see investors in UCITS fund being hit with a triple blow.

The European Commission has revised down its economic growth forecast for the rest of the year, saying growth in the eurozone will grind to a "virtual standstill".

Jupiter's Guy de Blonay said markets may have to plunge a further 15% before "complacent" policymakers look to more QE.

The downgrading of Portugal's debt to 'junk' status by Moody's earlier this week has led to renewed criticism, this time from the European Commission (EC), of the role and behaviour of credit ratings agencies.

Asset managers may have to undertake a "root and branch" reassessment of business models amid a wave of European regulation set to trigger "huge upheaval", warns State Street.

The European Commission may be about to kill two very big birds with one stone. The ‘stone' it is casting from Brussels is the snappily named Regulation on Short Selling and Certain Aspects of Credit Default Swaps.

CONTRARIAN INVESTOR

SHORT OF THE MARK

The European Commission has revised GDP forecasts for the UK slightly upwards, while the EU as a whole has also seen its figure boosted.

The City watchdog is considering whether Britain can claim exemption from European laws that will introduce the toughest pay restrictions in the world.