28 January 2015 Last updated at 14:33 ET

Bank governor warns on eurozoneMark Carney

Bank of England governor Mark Carney has warned the current structure of the eurozone puts it in an "odd position".


An employee in Tokyo reacts as he works in front of monitors displaying fluctuations of the exchange rates of major currenciesGreece markets hit by default fears

Greek financial markets were in turmoil on Wednesday after the new anti-bailout government appeared determined to defy the country's international creditors.

Federal Reserve buildingFed to remain 'patient' on rate rise

The US Federal Reserve reiterates that it will be patient in raising interest rates, but adds it is weighing "international developments".

Robert Peston Article written by Robert Peston Robert Peston Economics editor

Carney attacks German austerity

In saying that the eurozone will only thrive again if there is a fiscal union, the governor of the Bank of England is in effect criticising Germany for not spending and borrowing more to support weaker eurozone countries.

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