The Bank of England has held interest rates at 0.5% and resisted another round of quantitative easing amid tentative signs of an improvement in the economic outlook.
Euro finance ministers are considering increasing the size of the eurozone's rescue funds which were set up to bail out indebted nations.
Developed economies face a minimum of two further recessions before a recovery pushes equities into bull market territory, according to SocGen's Albert Edwards.
The Bank of England's Monetary Policy Committee (MPC) has increased its quantitative easing programme by £50bn as it looks to shore up the UK's ailing economy.
The Bank of England will this week pump at least another £50bn into the economy, according to a report in the Independent.
Unsecured lending to consumers fell the most in almost 20 years last month, the Bank of England (BoE) said, reigniting expectations it would authorise further asset purchases next month.
The Bank of England's Monetary Policy Committee (MPC) once again voted unanimously to maintain interest rates at 0.5% and keep the quantitative easing (QE) programme at £275bn in January, despite fears inflation may fall below target levels.
Members of the Bank of England's Monetary Policy Committee (MPC) voted unanimously to hold rates at their historic low and maintain the quantitative easing (QE) programme at £275bn - but they indicated more QE could be on the way.
Amid all the negative newsflow on Europe this year, the euro has remained relatively resilient.
The UK will take five and a half years to recover to pre-recession levels, said Bank of England external MPC member Martin Weale in a speech today to the National Institute of Social and Economic Research (NIESR).