Germany

Moody's has downgraded the credit ratings of a number of German public-sector banks, saying there is a lower likelihood the German government will step in with a bailout.

Britain must give more to the European Union by agreeing to a Europe-wide tax on financial transactions, according to a senior German politician.

Bob Jolly, head of global macro at Schroders, has said Germany "loves" being part of the euro and suggested neither Greece nor Italy would exit the single currency for fear of the consequences.

Artemis' James Foster has challenged Germany's appetite to stay in the eurozone in its current form after another tumultuous week of market activity.

Fears of France and Spain being the next to suffer in the eurozone debt crisis intensified as 10-year bond spreads reached euro-era highs above German yields yesterday.

Germany's debt to GDP ratio is set to fall by 2.6 percentage points after officials discovered an accounting error at a government-owned bad bank.

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

Eurozone banks may have to raise €200bn to boost their capital reserves under a proposal from the European Banking Authority (EBA).