An 11-year-old boy has been highly commended for his imaginative entry to a competition to find a credible plan for a euro exit.
So, Greece has been saved - is that right? According to ISDA (the International Swaps and Derivatives Association) a "Restructuring Credit Event has occurred with respect to the Hellenic Republic" which in the vernacular means the Greeks are bust - tell...
Giant bond fund PIMCO warned Europe has not got its debt crisis under control and will soon face a "second Greece" in Portugal.