Eurozone

Talks between eurozone finance ministers on the future of Greece's bailout have come to a dead end, heightening fears of further market turmoil in case Greece is left with no European support.

The eurozone economy beat growth expectations in the last quarter of 2014, buoyed by a resurgent Germany.

Germany has said it is willing to compromise with Greece on the terms of repaying its bailout debt.

Greece's new left-wing government is pushing for a revision of its EU bailout terms, drawing up a new 10-point plan to replace the existing deal.

Bank of England Governor Mark Carney has warned the eurozone could sink further into its 'debt trap' as austerity measures choke off growth.

UK banks have around £12bn tied up in Greece, sparking fears they may face losses if the nation's banks default following the latest election results.

Left-wing Syriza's Greek election win has sparked suggestions of a read-across to other eurozone countries, but some say it could be a buying opportunity for investors.

Deflation puts governments on the naughty step

Left-wing anti-austerity party Syriza has secured a commanding election victory in Greece overnight, setting the scene for a stand-off between the country and its creditors.

Tesco, the oil price, and the 'Draghi put'