euro

Insight Investment has blocked investors from pumping more money into its €1.1bn Insight Euro Liquidity fund following the European Central Bank's move to cut interest rates.

German chancellor Angela Merkel has again ruled out the creation of jointly-issued eurozone debt ahead of a crucial summit in Brussels this week.

Spanish short-term borrowing costs have risen substantially in its latest debt auction, reflecting the country's struggle to service its debts at a sustainable level.

EUROZONE CRISIS

Governments across Europe are set to buy Spanish and Italian bonds through two European rescue funds, a move the ECB hopes will send a signal to financial markets that Germany is behind the eurozone.

GREECE

Barclays' chief executive officer, Bob Diamond, described the underpinnings of the European economy as ‘very very strong' and said he is confident the euro region will survive.

ENGLAND VS FRANCE

FUND MANAGER FOCUS

The single currency strengthened against the dollar today as Spain was granted a €100bn EU and IMF bailout to prop up its banking sector.