Cazenove's chief investment officer (CIO) Richard Jeffrey delivers his verdict on how the threat of financial market meltdown is being used by all and sundry across Europe to get their own way.
German chancellor Angela Merkel has again ruled out the creation of jointly-issued eurozone debt ahead of a crucial summit in Brussels this week.
A eurozone ‘divorce' is inevitable, according to Jupiter's John Chatfeild-Roberts, who suggested a German exit from the single currency might be a solution to the crisis.
Governments across Europe are set to buy Spanish and Italian bonds through two European rescue funds, a move the ECB hopes will send a signal to financial markets that Germany is behind the eurozone.
PIMCO's Bill Gross is wary of German bunds, saying there are few scenarios which they can do well and eurozone turmoil is hurting German balance sheets every day.
Investors have suggested the eurozone crisis has not yet reached another critical stage, despite a €100bn bailout of Spanish banks failing to prevent the country's borrowing costs reaching record highs.