Germany

Both Germany and France have ruled out common eurozone bonds as a solution to the bloc's debt crisis, the FT has reported.

Cavendish CIO seeks growth companies that outperform in all market conditions Cavendish focuses on growth with global scope.

Moody's has cut Greece's credit rating by three notches following the agreement of a new rescue package for the stricken country.

The EU and IMF have reached a deal on Greece which should prevent a default, but will involve a new round of austerity measures for the beleaguered nation.

Tension between the European Central Bank and the German government has intensified as Jean-Claude Trichet hit back at the German finance minister's claims Greek government bondholders should contribute to a new aid programme.

Germany is urging Greece to extend the maturity of its debt by seven years, clashing with the European Central Bank's view that forcing investors to take a loss could damage the eurozone.

The euro crisis is following a predictable path. The bills have increased greatly, and are being passed around in the hope the problems will go away.

ON EUROPE

The economies of the 17 countries in the single currency block grew 0.8% in the first three months of 2011, up from 0.3% in Q4, figures released today reveal.

ON EUROPE