Eurozone

Equity market sentiment is still too positive to represent a real buying signal for investors, who would be better served by holding back their cash for now, boutique RMG Wealth has said.

The FTSE 100 has dropped more than 1% as the Spanish banking crisis intensified, with shares in bailed out Bankia shedding 25% today alone.

David Cameron will urge eurozone leaders to "make up or break up" today as he fears the euro unravelling will further dent the British economy.

Neptune's Rob Burnett has outlined three potential positives for the eurozone as the region struggles through the latest phase of its debt crisis.

Sterling has fallen against the dollar today after a dovish quarterly inflation report from the Bank of England cut growth forecasts and left the door open to further QE.

FINANCIAL MARKET

The eurozone reported zero growth in the first quarter, beating forecasts of a 0.2% contraction and narrowly escaping a technical recession.

Vince Cable has voiced concerns there will be dire consequences for the UK's economy if Greece were to exit the euro and debt contagion spread.

The countries of southern Europe (and elsewhere) are beginning to behave like teenagers after their first all-night party.

SATIRICAL VIEW