greece

Greece is only being kept in the euro to enable banks in northern Europe to retrieve money they have in the stricken nation, said Old Mutual's Christine Johnson.

BlackRock head of European equities Nigel Bolton gives his views on the likelihood of a Greece exit from the euro and the impact on the rest of the region.

SPAIN

Will excessive caution lead wealth managers to miss out on lucrative opportunities? Katie Holliday reports.

European leaders are working on a scheme to tackle the eurozone crisis which, if implemented, would see a continent-wide rescue fund seize control of struggling banks.

The Euro Stoxx 50 could fall by almost 50% in the event of a disorderly Greek exit from the eurozone, analysts at Société Générale calculate.

Citigroup's top economist Michael Saunders has forecast Greece will exit Europe's single currency on 1 January 2013, and its new currency will immediately depreciate by 60%.

Slowing industrial production is the largest headwind facing Northern Europe in the near term, according to Newton's bond manager Paul Brain.

Some of Europe's biggest fund managers, including Amundi and Threadneedle, are dumping euro assets amid rising fears over a possible Greek exit from the single currency.

Deputy Prime Minister Nick Clegg will say no rational person would want to see Greece exit the eurozone today, warning the UK will suffer if the country leaves the single currency.