greece

Many investment advisers tell their clients lending to governments is one of the safest things you can do.

The debt position of Greece, officially Europe's most indebted country, is set to be to worse than previously expected this year.

EUROPE

Portugal has raised €750m (£641m) in a successful Government bond auction, following in the footsteps of other southern European nations.

Templeton's Mark Mobius says it is "quite possible" Greece could be reclassified as an emerging market and has invested in the country through the group's Emerging Markets Investment Trust.

SHORT OF THE MARK

Greece's economy contracted by a worse-than-expected 1.8% in the second quarter as consumers in the debt-laden country reined back spending.

Greece is set to receive the second instalment of a rescue loan provided by the EU and IMF following the country's progress in cutting its deficit.

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