George Osborne: 'Good progress' on eurozone crisis
European leaders have agreed a three-part plan which they say will help solve the debt crisis in the eurozone.
As part of the plan, the leaders said private banks holding Greek debt had accepted a loss of up to 50%.
Banks must also raise more capital to protect them against future crises, and the euro bailout fund will be boosted to almost a £1bn.
Mr Osborne told the House of Commons that there was still work to do in order to ''finish the job''.
27 Oct 2011