Eurozone states discussing solution

Eurozone countries at the G20 summit in Mexico are “inching towards” a wide-ranging scheme to deal with the problems of the single currency, according to the UK's Chancellor George Osborne.

Massive pressure has been placed on the EU members of the G20 in Los Cabos, particularly Germany, to take further action, after markets failed to respond to the recapitalisation of Spanish banks and the election of pro-bailout parties in Greece.