Spain was battling last night to avert a fully-fledged sovereign rescue after borrowing costs spiralled out of control, with dangerous knock-on effects in Italy and Eastern Europe.
Louise Cooper, markets analyst at BGC Partners, has told Daybreak that Spain's large economy means that the cost of bailing out the country will run the hundreds of billions of euros.
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Witnesses will give evidence but the former Labour peer cannot be found guilty or be sentenced as he is too ill to put forward a defence.
The Home Office has been asked to prepare for cuts of between 25 and 40% by in the next 5 years.
The deposit box company raided in the the £10 million Hatton Garden jewellery heist is to close after its trade slumped.