euro

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.

The OECD has warned the UK is teetering on the edge of a double-dip recession, and has called for further of quantitative easing to support the economy.

Eurozone leaders' failure to call for ECB intervention on the continent's debt crisis at a press conference yesterday caused the euro to fall to a seven week low against the dollar.

Markets are bracing themselves for some turbulent times ahead as they wait to see how effective Spain's newly-elected Prime Minister Mariano Rajoy will be in staving off a bail-out.

Prime minister David Cameron and German chancellor Angela Merkel are set to clash over a proposed financial transaction tax on Friday.

The euro weakened this morning as the cost of insuring French bonds climbed to a record, Spanish yields rose and european equities retreated for a second day.

Greece has scrapped plans to hold a referendum on the European debt deal thrashed out by ministers last week after the country's opposition leader publicly backed the proposals.

The City of London is "under constant attack" from European Union regulations, David Cameron has said. Read more on this and the other top headlines in our round-up of the nationals.

London's FTSE jumped 2% in early trading on Thursday after European leaders agreed a deal to tackle the debt crisis.

Reaction to news European leaders have struck a deal to ease the region's debt crisis has been mixed...