The European Union has slashed its 2012 growth forecast for the eurozone by 1.3% as the European Commissioner warns the risk of a new recession has increased.
Inflation across Europe remained at a three-year high in October despite the economic slowdown across the region.
Syed Kamall, member of the European Parliament for London, said he is "not impressed" with the European Commission's assessment of the impact of EU regulation on the UK.
The 50% haircut on Greek debt agreed at the EU summit last week has called into question the future of credit default swaps (CDS)as a hedging tool for bondholders.
EU politicians' long-awaited agreement on eurozone crisis lifts markets worldwide but investors move to cash in view equity rally may not be sustainable
The FTSE 100 dipped in early trading after a muted session for markets overnight, as investors await news on quantitative easing in the US and the UK, and as the European Union's Greek bailout talks continued.
Investment Week and our sister title InvestmentEurope provide ongoing updates of the latest industry thoughts around today's crisis talks on the future of the euro.
Worries over the eurozone debt crisis have prompted the Ernst & Young Item Club to cut its forecast for GDP growth this year from 1.8% to 1.4%.