BBC news with David Legge

President Sarkozy of France and the Italian Prime Minister Silvio Berlusconi have canceled visits to Moscow on Sunday to work instead on plans to stop the Greek debt crisis spreading to other countries using the European single currency. Mr Sarkozy said the single currency was an essential element of Europe and financial speculators must not be allowed to undo it. European finance ministers will meet on Sunday to consider a package of special measures to ensure the stability of the eurozone. Robert Peston has more.

After a week of global turmoil in markets, there are widespread fears of a renewed banking crisis, which is why so much rests on this weekend's emergency talks about how best to provide the emergency funding to Europe's banks. What we're seeing is contagion from Greece's inability to borrow from conventional investors. There are concerns that other financially-stretched governments may also use the confidence of their creditors, and that in turn has generated concerns about potential losses that could be incurred by banks that have lent to these countries.

Here in Britain,the leader of the Liberal Democrats Nick Clegg has been consulting his parliamentary colleagues over a power-sharing deal offered to them by the Conservative Party following the inconclusive general election. A senior Liberal Democrat told the BBC that Monday was seen by all parties as an important day and there would need to be a conclusion by then.