Business week in pictures

French president Nicolas Sarkozy speaks with German chancellor Angela Merkel at the summit in Brussels, Belgium where the €120bn EU rescue of Greece was agreed Photograph: Olivier Hoslet/EPA

Earlier in the week, the head of the world's biggest bond trader claimed Greece was still likely to default even though prime minister George Papandreou won a crucial vote of confidence. Greek 'indignants' protested for the fourth consecutive week against new austerity measures in front of the Athens parliament Photograph: Louisa Gouliamaki/AFP/Getty Images

Deputy prime minister Nick Clegg has proposed a giveaway of government-owned shares in the bailed-out banks RBS and Lloyds to British taxpayers
Photograph: Murdo MacLeod for the Guardian

The World Wealth Report revealed the world's richest people are getting more prosperous – and more numerous – by the day. A Christie's staff member sits near an advertisement for Chateau Latour fine wines for auction in Hong Kong, China Photograph: Daniel J Groshong/Bloomberg via Getty Images

The Comet electricals chain was put up for sale by its French owner after the 248-store retailer made losses of £9m last year Photograph: Jonathan Warner

The US Federal Reserve held interest rates again, saying the country's recovery is slower and weaker than expected. Its chairman Ben Bernanke appears on a large video screen as traders work at the CME Group Chicago board of trade Photograph: Tannen Maury/EPA

Transport secretary Philip Hammond condemned Network Rail for its £1m payoff to former chief executive Iain Coucher, saying it 'sticks in the gullet' Photograph: Oli Scarff/Getty Images Europe

Australia's Foster's Group rejected a takeover offer from rival beer-maker SABMiller, saying the bid undervalued the Australian company. Photograph: Tim Wimborne/Reuters

Costa Coffee plans to double the number of its stores by 2016, with a range of drive-throughs also in the pipeline, after reporting a 4% increase in sales Photograph: Sarah Lee for the Guardian

JP Morgan paid $153.6m (£95m) to US regulators to settle charges that it misled investors in a complex mortgage securities transaction just as the US housing market was starting to plummet Photograph: Mark Lennihan/AP

The monthly Markit index showed UK households were running down savings and taking on more debt in an attempt to cope with rising prices and curbs on wages Photograph: Luke Macgregor/Reuters

Citigroup is reported to be lining up a sale of record label EMI, home to artists including Pete Doherty, Katy Perry, Robbie Williams, Gorillaz and Lykke Li (pictured) Photograph: Karen Robinson for the Observer

Kevin McCabe, owner of Sheffield United football club, is setting up a 'one-stop shop' for European retailers wanting to expand into China Photograph: Tim Wimborne/Reuters

The Russian government is planning to speed up and increase the size of the planned further privatisation of oil group Rosneft, in the wake of the collapsed share swap with BP. The Kremlin is reflected in the polished plate of the company in Moscow Photograph: Dmitry Kostyukov/AFP