Economics / Markets

Greece may have to temporarily leave the euro currency bloc in order to shore up its finances, a member of Germany's junior coalition party said today.

The FTSE 100 opened lower in early trading, falling 0.24% or 13.76 points to 5740.09, despite a raft of positive earnings announcements.

The Lloyds Banking Group, the 41% taxpayer-owned institution, has returned to profit in the first three months of the year.

The FTSE 100 jumped 53.6 points (1%) to 5,777.25 in early trading after Asian stocks rose overnight and concerns over a Greek default eased.

The Icelandic government has wrenched control of two of the country's bankrupt savings banks after they failed to reach a repayment deal with their creditors.

US rating agencies, Moody's and Standard & Poor's, have come in for heavy criticism from US Senators following an investigation of their role in the financial crisis.

UK politics is a funny world, inhabited by strange groups that get stranger the more you move towards the fringes.

Greece has sent a formal request for its €45bn EU-IMF debt rescue package to be activated as its financial predicament worsens.

Worst thing about last night's second Leader's Debate? Easy - Sky's coverage.

London's leading shares are showing slight gains this morning as a late recovery on Wall Street boosts investor sentiment.