Kames Capital's Bill Dinning said the ECB needs to urgently introduce quantitative easing to avoid a situation that would make the Lehman Brothers collapse look like "child's play".
Reaction to news European leaders have struck a deal to ease the region's debt crisis has been mixed...
The yen climbed to a post-World War II high against the dollar yesterday, after Europe's debt crisis spurred demand for safe havens.
Plans to tackle the eurozone debt crisis have stalled, with France and Germany clashing over the size of stimulus needed to secure the future of the eurozone.
Capital Economics has said the eurozone debt crisis will have "severe adverse effects" on the UK economy, pushing it back into recession in 2012.
The S&P 500 is 2.9% higher as shares surge after eurozone leaders set a deadline for resolving the single currency area's debt crisis.
Michel Canoy, fund manager of FIT and MMIT at LGIM, examines the state of today's bond markets and looks at what investors can do to negotiate volatility as world order unravels.
Cazenove's European fund manager Chris Rice has said he expects policymakers across Europe to stand firm and keep the eurozone intact despite growing expectations parts of it will break away.