High noon in the High North?

Van Rompuy promises more reform, but no quick fix

Greece urged to stick to its commitments.

Eurozone summit proclaims bail-out fund of €1 trillion

Leaders agree in principle on strengthening EFSF. Banks to take 50% hair-cut on Greek bonds.
● What they agreed

Markets drop after Merkel-Sarkozy meeting

Leaders' plans for eurozone fail to reassure investors as EU welcomes proposals for economic governance.

Portugal bail-out 'on track', say EU, IMF

First review of austerity programme positive but warns of challenges ahead.

Tusk urges EU unity over financial turmoil

In letter to EU leaders, Poland's prime minister calls for quick approval of eurozone stabilisation plan