Euro

The 26 and 27 October European Summit was followed by a spectacular rise in the Markets. Does this mark the historic turning point as some analysts would have us believe or is it simply some extra time won?

It emerges from an poll, conducted by the Global Alliance of Investors, dealing with institutional investors in Europe, that 80% of those questioned, believe in the ability of the euro to cope with current challenges. British investors are less optimistic.

We have exhausted our recourse to borrowing. Other ways must be found if we want to avoid general bankruptcy

Mike Story, economist at Western Asset Management, analyses the outcome of the four potential scenarios to the Eurozone crisis: no Eurozone restructuring, orderly Eurozone restructuring, disorderly Eurozone restructuring or Eurozone implosion.

In a message to investors, Crédit Agricole has presented its new strategy in a context marked by the lack of confidence of markets in European banks. The group is adjusting to this new operating environment.