The UK is pressing for a series of solutions, including a larger bailout fund, euro bonds and structural reform within the European Union - which could lead to greater fiscal burden-sharing between the poorest and wealthiest countries.

BBC: UK Politics

But there may also be structural reasons why investors are favouring bonds over shares.

ECONOMIST: Buttonwood: Spread too thinly | The

The European Central Bank (ECB) has said it will buy unlimited Spanish bonds to keep rates and borrowing costs down, in exchange for major structural reforms.

FORBES: What To Expect From The Eurozone In 2013