Despite the Greeks managing to avoid ‘blowing up' their parliament for the time being, one wonders who will be next in the firing line. Enter Italy, stage left.
The European Union has slashed its 2012 growth forecast for the eurozone by 1.3% as the European Commissioner warns the risk of a new recession has increased.
Markets moved lower on Monday as fears over Greece and Italy remained despite the imminent formation of a Greek coalition government.
German chancellor Angela Merkel has warned the eurozone faces another ten years of economic uncertainty as the G20 fails to agree how to bail out Greece.
The Greek debt crisis dominated our best-read chart this week as managers offered criticism and solutions.
Stewart Cowley, manager of the Old Mutual Global Strategic Bond fund, discusses why huge G6 indebtedness and negative real yields are the major concerns for investors in Europe
Greece has postponed plans to hold a referendum on the European debt deal thrashed out by ministers last week after the country's opposition leader publicly backed the proposals.
The UK has a seven-in-ten chance of slipping back into recession unless European leaders can find a resolution to the debt crisis, a new report argues.
Greece's Prime Minister George Papandreou has called an emergency cabinet meeting for this afternoon as speculation mounts the country's government is about to collapse.