German Chancellor Angela Merkel's coalition agreed a draft law on an enhanced Eurozone bailout fund

Greek Prime Minister George Papandreou has been locked in bailout talks with the parties funding his bailout

ECB president Jean Claude-Trichet urged banks in the Eurozone to strengthen their balance sheets

Silvio Berlusconi lashed out at S&P’s downgrade of Italy, claiming the agency had been led astray by the media