greece

Leading fund managers are divided over whether investors should participate in equity markets if central banks across Europe provide a further round of stimulus.

Greece will stay in the euro despite on-going political instability as the potential economic fallout from its exit would significantly hit global markets, a fund manager has said.

Markets across Europe suffered more losses this afternoon after Greece reportedly confirmed it has failed to form a coalition government.

Markets across Europe suffered more losses this afternoon after Greece reportedly confirmed it has failed to form a coalition government.

The UK's leading share index has fallen to its lowest level this year, slipping below 5,500, as Greece's continued failure to form a coalition government dampens risk appetite.

EUROPE

PANCAKES

Despite a recent ‘game changer' in the ECB's LTRO, Alan Thein, co-manager of Legal & General's multi-manager range, warns the European debt drama is far from over.

Greece has confirmed it received enough support from creditors to carry out a vital debt swap which drastically cuts the value of debt owned by bondholders.

A "disorderly" default in Greece could cause more than €1trn (£833bn) damage to the eurozone, a confidential report has warned.