Warren Buffett has outlined concerns about significant global inflation, while the legendary investor also believes the Greek debt crisis has the potential for "high drama".
There is every danger the UK could be turning into a nation of savers with last week's IMA figures revealing the strongest savings into Isas for nearly a decade.
Fund managers are buying into southern Europe as macro-economic instability creates opportunities, amid fears Greek contagion could push economies in the region into recession.
Greece has agreed to make major austerity cuts in return for a huge 100bn euro bail-out from the eurozone and the IMF.
Greece has agreed the outline of a €24bn (£21bn) austerity package, including a three-year wage freeze for public sector workers, in return for a multibillion-euro loan from the eurozone and the International Monetary Fund, according to people familiar...
Franklin Templeton's Mark Mobius says letting Greece default on its debt would be the best way to ease the European fiscal crisis and calm contagion concerns.
The FTSE fell 0.3% today, defying falls more than four times as large on most of Europe's major markets.
The International Monetary Fund (IMF)'s bailout of Greece will be worth between €10bn (£8.7bn)and €120bn, German politicians said following a meeting with IMF managing director Dominique Strauss-Kahn today.
The eurozone is not offering Greece enough cash to get it through the debt refinancing is faces this year, managers believe.