The City roundup video: Eurozone’s biggest economies beat expectations but Europe still hangs in the balance

Video: Oscar Williams-Grut provides a run-down of the day's major news from the City

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The Independent Online

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All eyes are on Europe today  - new figures show the French economy grew for the first time this year in the last quarter, while Germany has managed to avoid falling into recession as many feared.

But while the Eurozone’s two biggest economies beat expectations, Europe is still in a perilous position.

The International Monetary Fund warned today that there is a "clear risk" to Europe's economic recovery, with Germany still dangerously close to recession. Meanwhile Italy, whose economy hasn't grown since 2011, has slipped into outright recession.

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It’s easy to think all this won’t impact the UK but Europe is one of our biggest trade partners and a slowdown on the continent could soon spread to Britain.

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