Welcome to our coverage of the eurozone crisis. Compiled by John Aglionby on the world news desk in London, with contributions from correspondents around the world. All times are London time. The post should update automatically every few minutes.
This weekend was meant to be the moment European Union leaders came together to end the eurozone debt crisis. But continuing differences between France and Germany, primarily over how to boost the firepower of the €440bn eurozone rescue fund, mean another summit will be required. As one European official said: “We’ve lost the main parachute and we’re on the reserve chute and we’re not sure that will even work.”