greece

Vince Cable has voiced concerns there will be dire consequences for the UK's economy if Greece were to exit the euro and debt contagion spread.

The FTSE 100 sunk through the 5,500 level today as political woe in the eurozone continues to cloud the outlook for the global economy.

MARKET WOBBLES

French and Greek election results have spooked investors, as strong opposition to austerity reignites fears over the future of the single currency.

European stocks dropped this morning as concerns grow over Greece's struggle to form a new government, and the French election results create uncertainty.

GREEK CRISIS

Standard & Poor's has raised its credit rating on Greece from Selective Default (SD) to CCC.

VIEW FROM THE BRIDGE

SPECIAL REPORT

First State Investments' emerging market and Asia Pacific specialist Angus Tulloch tells Kyle Caldwell about the macroeconomic headwinds preventing him from taking a bullish stance on the region.