11 Oct 2011

EC debt summit delayed

11:33 am on 11 October 2011

The European Council says a summit of leaders to discuss the eurozone debt crisis has been delayed by a week.

EC president Herman Van Rompuy says more time is needed to finalise a plan to give money to Greece and bolster debt-laden banks.

The summit, originally planned for next Monday and Tuesday, will now start on 23 October.

On Sunday, Chancellor Angela Merkel of Germany and President Nicolas Sarkozy of France said they were close to agreeing a comprehensive new package to ease the debt crisis. However, no details were given.