Sunday’s eagerly anticipated meeting of Euro Zone leaders has failed to deliver any concrete solution for solving the debt crisis. There has luckily been one unanimous agreement - that another meeting is required for this Wednesday.

European Council President, Herman Van Rompuy, views this weekend’s meeting of Euro Zone leaders as being important enough to reschedule the date by a week, from the 17th October to the 23rd October. The hope was that the additional week would give European leaders time to come up with a...

Having won the preliminary vote yesterday evening, Greek PM Papandreou now needs to secure the final ballot against the background of the second day of a 48-hour general strike. The vote in Greece happened as Merkel and Sarkozy met in Frankfurt at an event to mark Trichet’s departure from the...

This week looks set to be dominated by reports and rumours, rather than economic data. The Guardian newspaper reported yesterday that France and Germany had agreed to boost the Euro Zone rescue fund to two trillion Euros.

Yesterday’s euphoria over the prospect for a comprehensive solution to the eurozone debt crisis was given a hefty reality check by German Finance Minister Schaeuble yesterday afternoon. Speaking at Chatham House he baldly stated that ‘we won’t have a solution this weekend’ as part of what appears to be a...

Risk aversion continues to ease as markets look forward to an end of the eurozone debt crisis. The weekend G20 Finance Ministers and Central Bank Governors meeting in Paris looked forward to the outcome of the European Council meeting on October 23rd to ‘decisively address the current challenges through a...

Finance ministers and central bank heads from the G20 to discuss the deepening European Debt crisis. With the next G20 meeting in Cannes being targeted to announce a solution, this meeting is being viewed as another opportunity to place pressure on the Euro zone states to find a solution to...

Despite a rally on Wall Street and through Asia, European bourses are expected to open lower this morning. Asian markets responded to a strong Australian employment report, which followed a pattern of strong data over the past week.

The Troika yesterday approved the release of the next €8billion payment to Greece. However, progress on the countries austerity measures was described as patchy, and the Troika warned that additional measures would be needed to meet its 2013 debt targets.

Chancellor Angela Merkel’s spokesman has warned markets to lower expectations for a “miracle cure” to the Euro zones crisis. This came on Monday - one day after the statement from the meeting with Sarkozy and Merkel, where they promised a comprehensive new package for the Euro zone.