Sarkozy and Merkel
Media playback is unsupported on your device

Extra euro crisis summit called

EU leaders are to hold another summit by Wednesday, because they will not be able to agree a rescue plan for the euro on Sunday.

French President Nicolas Sarkozy and German Chancellor Angela Merkel said a crisis strategy would be discussed on Sunday and adopted at the next meeting.

EU leaders need to agree a second bailout for Greece, how to recapitalise banks and a stronger bailout fund.

Matthew Price reports.

  • 21 Oct 2011
Go to next video: Would drachma kill Greek business?