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Greece's incoming finance minister Vassilis Rapanos has been rushed to hospital after a fainting spell, said a government official and a source at the bank where he is chairman.
"He felt dizzy and fainted and was taken to hospital where he was given fluids intravenously and will undergo checks," the banking source said.
A government official said he spoke to Rapanos on the phone after he was taken to hospital, where he was in the process of undergoing checks.
Rapanos, the chairman of Greece's biggest commercial bank National Bank of Greece, has been named finance minister in Prime Minister Antonis Samaras's cabinet and was due to be sworn in later today.
The euro has slipped further against the US dollar. One euro will now buy $1.26 USD.
Labour leader Ed Miliband will say today that the G20 summit in Mexico made "no progress" on Europe or global employment and growth, during a speech at the consumer group Which? awards.
David Cameron is visiting Mexico City today on a trade mission designed to boost Britain's business links with one of the world's emerging economic giants. The Prime Minister says he regards building trade links with emerging economies as a vital part of his strategy to restore growth in the UK.
It is understood a scheme being considered to sort out the eurozone financial crisis involves using two bailout funds - the European Financial Stability Facility and the European Stability Mechanism.
Britain is not part of either the EFSF or ESM, so UK taxpayers' money would not be involved.
- They would buy up loans taken out by governments (known as bonds) in countries like Spain and Italy which are facing near crippling rates of interest
- Such an intervention may reduce the rate of interest (known as yields) which have soared above 7% in Spain
- That relieves pressure on governments and makes it cheaper and more affordable for them to keep their economies going
David Cameron says eurozone countries at the G20 summit agreed "to make all necessary policy measures to safeguard the integrity and stability of the eurozone". The Prime Minster added:
Leaked drafts of the G20 communique expected to be released at the end of the summit spoke of moves to establish a "more integrated financial architecture" for the eurozone.
The draft said the G20 supported:
Greece's radical leftist leader Alexis Tsipras has told Reuters in his first interview since last Sunday's parliamentary elections that "the bailout plan is not viable and cannot go on and now they all recognise this".
The Syriza party chief predicted that the newly elected Greek government would fail because it was based on "spent political forces", paving the way for Syriza to assume power. Mr Tsipras said Syriza's rapid rise showed how Greeks were channeling their rage at the austerity measures.
Mr Tsipras said that German Chancellor Angela Merkel "must not insist on the mistake of austerity", adding that "Europe cannot march on united if it continues to support these barbaric measures".
Latest ITV News reports
Fear surrounding the eurozone have left many business owners unsure of how it will impact on the economy and their livelihoods.
World leaders are piling on the pressure to encourage Europe to take ambitious steps to resolve its debt crisis.