euro

In 2011 the danger is the Euro system will put too much pressure on too many weaker countries and economies.

The FSA will be forced to publish a more comprehensive account of its decision to clear RBS directors of wrongdoing.

The EU plans to make private lenders cover the losses of any future eurozone debt crisis which will have a knock-on effect on government bond yields.

Germany, the strongest country in the eurozone, has vetoed any increase in the €440bn rescue package.

The Irish Republic is poised to unveil the details of a severe austerity budget later, part of a deal to secure an €85bn bail-out from the European Union and International Monetary Fund.

Economist Nouriel Roubini, known around the world as Dr Doom for forecasting the credit crisis, says Portugal will be the next European country in line for an Irish-style bailout.

Peripheral European nations Ireland and Portugal could be forced to head to Continent's bailout mechanism after their respective bond yields soared to the highest levels since the creation of the euro.

Deutsche Bank has expanded its corporate bond ETF offering with the launch of two new db x-trackers funds on Germany's Deutsche Boerse.

The pound has fallen to a five month low against the euro amid a rising claimant count and falling consumer confidence.

Joseph Stiglitz, the former chief economist of The World Bank and a Nobel Prize winner, warns the future of the euro is "looking bleak".