Ireland

The UK fund management industry faces complete transformation if the financial transaction tax - or Tobin tax - is implemented, commentators have warned.

HUNGARY

As the eurozone crisis reaches a crescendo, the Bank of England has revealed just how much exposure UK banks have to the region's most troubled economies.

Angela Merkel and Nicholas Sarkozy are set to meet today as political commentators warn Europe is entering the end game for the crisis, which must be resolved this week to save the euro.

My worst fears about the potential loss of confidence in our leaders, institutions, and capitalism itself are being realised. We have been digging this hole for a long time.

EU leaders have agreed a further €109bn (£96bn) bailout for Greece, one-third of which will come from private sector bondholders.

Ratings agency Moody's has cut the Republic of Ireland's debt rating to junk status.

Lazard Asset Management is planning a fund located in Ireland, based on the group's $500m multi-asset class emerging markets investment program, which has run in a US-based portfolio since mid-2009.

F&C's director of global strategy Ted Scott on the changing role of the ECB during the debt crisis.

Cutting deficits is popular in the heavily indebted Western world. Some countries are being forced to, as lenders decline to lend them more money at realistic interest rates.