sovereign debt crisis exploded back into life on Tuesday, with markets across the continent rocked by a wave of panic selling amid renewed fears about the impact of savage austerity measures in Spain and Italy. The mood of uneasy calm seen across Europe since the Greek bailout in February was shattered as financial markets took [...]

The eurozone economy shrank at the end of 2011 and will flirt with a mild recession under the weight of the sovereign debt crisis, but strength in France and resilience in Germany may keep it above water. The drag is coming from a stricken, debt-laden south, epitomised by a slumping Italy. Economic output in the [...]

You might be interested in some highlights from a debate last night, called “What hope for the economy? Capitalism in crisis”. The event, organised by Intelligence Squared, included a section on the eurozone crisis. Stephen King, group chief economist at HSBC, claimed Germany suffered from “a degree of economic illiteracy” for believing that the world [...]

Deutsche Bank, Germany’s largest bank, has plunged into the red after running up heavy losses on its investment banking arm. The eurozone crisis hit Deutsche Bank hard — it took a writedown on its Greek government bonds, and reported weak trading activity as clients delayed deals and kept out of the financial markets. Deutsche posted [...]