Eurozone

Imagine you are a political leader tasked with solving the global economic and financial crisis. You are made aware of the severity of the systemic calamity at hand and told that time is short. What do you do?

Germany has cut its economic growth forecast over fears its exports will slow, the BBC reports.

Tory peer Lord Wolfson of Aspley Guise, chief executive of retailer Next, is offering a £250,000 prize to anyone who can explain how to manage a country's transition from the euro to a new national currency.

Artemis' William Littlewood has said he expects eurozone policymakers to begin printing money in order to save the single currency.

Rating agency Moody's has issued a warning on France's AAA-credit rating, saying it may downgrade its outlook for the country based on its overstretched budget.

US markets are down 1% and the FTSE has moved into the red after the German finance minster dampened hopes for next weekend's EU summit.

At least 50 of Europe's top 91 banks are expected to fail the European Banking Authority's (EBA) new stress tests, analysts at Goldman Sachs have warned.

European inflation levels edged up 0.5% in September to 3%, Eurostat has confirmed, reducing the possibility of a rate cut.

Slovakia has become the final eurozone nation to approve the expansion of the European Financial Stability Facility after its parliament ratified the plan at a second vote.

Ten-year gilt yields have approached a two month high as signs eurozone leaders are closer to resolving the crisis cooled demand for the relative safety of Britain's government debt.