Italy

The eurozone could start to break apart this year with countries including Italy and Greece potentially exiting the single currency, a leading think-tank has warned.

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As the eurozone crisis reaches a crescendo, the Bank of England has revealed just how much exposure UK banks have to the region's most troubled economies.

Angela Merkel and Nicholas Sarkozy are set to meet today as political commentators warn Europe is entering the end game for the crisis, which must be resolved this week to save the euro.

A misunderstanding meant Italy's new technocrat government appointed the wrong man to a ministry position, according to reports.

Key eurozone sovereign debt yields have fallen sharply after successful debt auctions and comments from ECB president Mario Draghi boosted investor confidence.

The yield on 10-year Italian bonds has risen to 7.56% following the country's latest bond auction, which raised €7.5bn, just below its target.

The International Monetary Fund (IMF) today denied reports it is planning a £500bn rescue package for Italy and Spain.