Europe

EUROPE

FIVE THINGS

The euro hit a four-month high today against the US dollar after German lawmakers said the country can now approve Europe's rescue fund.

European markets rose in early trading as investors awaited a meeting on Greece's future and possible anti-crisis action from policymakers.

A solution to the European debt crisis will not be enough to turn around global economic performance, at least for the next few years, according to a report by thinktank the Centre for Economic and Business Research (CEBR).

The UK could leave the European Union by this autumn should the eurozone debt crisis intensify further, it has been suggested in a study by Japanese bank Nomura.

WHAT'S HOT?

European stocks are climbing after a four day sell-off, following a pledge from European Central Bank president Mario Draghi that the ECB will "do whatever it takes to preserve the euro".

Global equity markets are tumbling this morning as the eurozone crisis once again takes centre stage, with Spain's debt costs leaping to a new record high and speculation returning Greece will exit the single currency.

European Commissioners are set to make interest rate rigging a criminal offence after the LIBOR scandal, according to reports.