Welcome back to the FT’s rolling coverage of the eurozone crisis. By John Aglionby and Tom Burgis in London and Anjli Raval in New York, with contributions from correspondents around the world. All times are GMT.
Today’s main event is the European Union leaders’ summit in Brussels, where growth and Greece’s debt are expected to top the agenda. We expect more movement towards a fiscal discipline pact, too.
Also today Portuguese bond yields have soared, an Italian bond sale went satisfactorily and widening eurozone spreads over German debt suggest unease is setting in anew.
00.22 Talks ground to a halt in Brussels as European leaders left for the night without reaching an agreement on how to plug Greece’s widening budget deficit. While the bargaining with Greece over a debt writedown and its economic management will continue for yet another day, we are going to close down the blog for the evening. Here is our updated EU summit story on today’s agreed fiscal discipline treaty. Read more