People may be forgiven for wondering what European leaders will do this weekend since most decision-making has been postponed. (See 10.25 entry) Photo Reuters
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.
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.” Read more
Welcome to our continuing coverage of the eurozone crisis. All times are London time. This post should update every few minutes, but it may take longer on mobile devices. By John Aglionby and David Crouch on the world news desk in London, with contributions from FT correspondents around the world.
José Manuel Barroso, the European Commission president, has set out his bank recapitalisation plans, while the temperature is rising for Silvio Berlusconi after he lost a parliamentary vote last night, and Slovakian politicians are plotting their next moves after blocking the expanded eurozone rescue fund. Read more
Today, the Financial Times launches a three-day series
looking at the growth of the cyber industrial complex. Joseph Menn, who writes about tech security and privacy from the San Francisco bureau, looks at the fast-growing start-ups in the sector
— and the establishment defence groups that are swallowing them up. Check out our interative guide
to M&A in the sector, and read about how hackers are going legit.
On Tuesday Joe will look at what an attack on the US grid would look like, while Vint Cerf, one of the founders of the internet, explains what he would do differently if he could start over from scratch. The third and final part of the series looks at the world of China’s secret cyber militias and whether global powers will ever agree on a treaty to govern internet warfare.
Jean-Claude Trichet. Image by Getty
Welcome to our continuing coverage of the eurozone crisis.
All times are London time.
Curated by John Aglionby and David Crouch on the world news desk in London, with contributions from FT correspondents around the world – and today a special focus from Money Supply’s Claire Jones on the last press conference by Jean-Claude Trichet as president of the European Central Bank.
19.09. We are wrapping up the live blog in London. Thanks for reading. You can continue to follow our eurozone coverage at www.ft.com/world and on twitter at @ftworldnews
18.49 So what do analysts make of Mr Trichet’s record? He received a mixed score in an FT poll.
Gerard Lyons at Standard Chartered gives him five out of ten:
Jean-Claude Trichet has stuck to the mandate. But he should have taken a far broader view. He missed the crisis and he shouldn’t have raised rates this year