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The Guardian - UK
The Guardian - UK
World
Presented by Jon Dennis and produced by Phil Maynard

Guardian Daily: The debt crisis facing the Euro

Today we focus on Greece's debt and the problems facing the euro.

In Brussels, European leaders have pledged 'determined and co-ordinated' action to help Greece - they won't let it fail. Our Europe editor Ian Traynor says the announcement of a deal was designed to keep the markets happy.

But leaders of wealthier euro nations like Germany are hoping they won't have to ask their voters to bail Greece out. Kate Connolly, our Berlin correspondent, explains why Germans are so reluctant to provide financial assistance.

It's being seen as a defining moment for the euro. Economics editor Larry Elliott says not signing Britain up to the single currency was the best decision Gordon Brown ever made.

Observer commentator William Keegan looks at the options for Greece as it looks for ways to avoid an approach to the International Monetary Fund.

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