UK: Eurozone economy 'on right road'

Eurozone leaders have put the continent’s economy on “the right road” with their agreement last night on measures to resolve the crisis in the single currency, British Chancellor George Osborne said today.

Mr Osborne said the eurozone countries had made “very good progress” in talks which stretched into the early hours in Brussels, but cautioned that it was now necessary to keep momentum up and deliver precise details on how the three-part agreement will work.