- 43 updates
Danny Alexander has told ITV Daybreak that the situation is Greece is the most pressing facing Europe:
Prime Minister David Cameron said that everybody in the meeting agreed that deficit control and growth go hand in hand, stating that "you must do one to get the other."
European Council President Herman Van Rompuy said that eurobonds were only discussed in the framework of deepening the monetary and economic union of the eurozone.
European Council President Herman Van Rompuy speaking after last night's EU summit summit.
Former Chancellor Lord Lawson says the single currency needs to be broken up to create a healthy European economy. Speaking to the House of Lords he said: "The European monetary union is a doomsday machine. European monetary union is doomed."
He added: "So long as the eurozone staggers on we will not have a healthy European economy. That is the problem we are facing. This dissolution is already happening before our very eyes. Holders of euro deposits in Greek banks are taking them out at a rate of knots and they will do so increasingly."
David Cameron is beginning talks in Brussels with EU leaders after warning they need a "decisive plan for Greece".
Latest ITV News reports
The German Government came under more pressure today to consider sharing the debts of struggling eurozone countries.
The chances of any decisions being made tonight are slim. How can a decision be made when you don't know how it is going to play out?