Leaders of the 16 countries that use the European single currency the euro have been meeting in Brussels to discuss how to prevent the Greek financial crisis spreading. The value of the Euro has fallen on fears that countries such as Spain and Portugal could suffer similar problems. This report from Johnny Diamond.
This emergency summit of Eurozone leaders should be a formality. All week cabinets and parliaments across the 16 countries that use the Euro have been passing legislation necessary to extend a 145-billion-dollar loan to Greece. Now presidents and prime ministers have come to Brussels to sign off the deal. There will be no formal conclusions to the gathering that would any come in full meeting of European Union leaders. But the statement that emerges at the end of the summit will be watched for any detail as to how the Eurozone intends to change its economic governance following the most tumultuous moments in the Euro's history. Johnny Diamond reporting.
This is the World News from the BCC.
Engineers have been lowering a giant container to the seabed in the Gulf of Mexico in an attempt to capture oil gushing from a blown-out well. The company that operates the site, BP hopes that the device will be operational by Monday
and will trap about 85% of the oil leaking out. Rajesh Mirchandani has more.
The delicate process has begun to lower the 100-ton container and secure it directly on top of the leaking well more than 1,500 meters down. It has never been tried at such depth and there is no guarantee of the work. A surface slick covering thousands of square kilometres has formed since last month when the Deepwater Horizon rig exploded,killing 11 workers.