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Investors must increase their focus on top-down macroeconomic research as sovereign risk intensifies, Credit Suisse has warned.

In crisis talks over the weekend, EU finance ministers and the IMF agreed emergency measures worth €750bn to try and prevent contagion from the Greek debt crisis affecting other countries in the eurozone.

COLLINGS' CORNER

US stocks plunged to lows last seen in 1987 tonight, amid speculation a trader entered a "b" for billion instead of an "m" for million when placing an order.

UK banks risk having their credit ratings downgraded because of the poor state of the country's public finances, warns ratings agency Moody's.

Japan's Nikkei 225 plunged by the most in 13 months today as global markets continue to be spooked by concerns Greece's debt crisis could spill over into Europe.

The FTSE has plunged in afternoon trading and the euro slumped to a 14-month low against the dollar on fears Greece's financial troubles will spill over into neighbouring states.

The future of the eurozone now hangs on how markets react to the €110bn (£94bn) bailout of Greece, according to the director of UK equity strategy at F&C.

The UK budget deficit will hit 12% this year to become the highest in the EU, the European Commission forecasts.

After the €110bn bailout of Greece on Sunday, Investment Week brings you a timeline of the country's economic turmoil in 2010.