greece

Eurozone finance ministers have failed to reach a deal to give Greece the next tranche of its bailout, after 12 hours of talks.

It has been a hectic year for investors, with the eurozone debacle driving core bond yields to record lows, while equity markets were buffeted by fears over China and the US.

A conflict erupted between the IMF and European Union last night as it was announced Greece would receive a two year extension to meet its debt reduction target.

Capital Economics' managing director Roger Bootle gives his views on how markets and European countries would respond to a Greek exit from the eurozone and the impact on other struggling peripheral nations.

London's leading share index has opened flat in early trading, with investors cautious as Greek default fears resurface.

US markets posted heavy losses for the second successive day of trading, amid fears Greece is set to default on a €5bn debt payment due next week.

Tim Drayson, economist at Legal & General Investment Management, reviews the recent pledges of the world's largest central banks and their potential impact on the "great muddling through"

Q4 PROSPECTS

Schroders' Nick Kirrage, co-manager of the £1.1bn Income fund, looks beyond the headlines in troubled Europe and finds some surprises in the region's hard numbers.

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