• EU summit begins in Brussel this afternoon
• Eurogroup to discuss Greece again
Although the EU summit doesn't begin until this afternoon, we should hear from Angela Merkel shortly. There's also plenty of economic news this morning, and Ben Bernanke will be testifying to Congress again.
Here's the agenda:
• Angela Merkel addresses Bundestag on EU Summit agenda - from 8am GMT
• Eurozone manufacturing PMI data - 9am GMT
• UK manufacturing PMI data - 9.30am GMT
• Eurozone unemployment data for January - 10am GMT
• Eurogroup meets to discuss Greece - 1pm GMT
• Ben Bernanke testifies to the Senate banking committee - from 3pm
• EU summit begins in Brussels - from 4pm
Good morning, and welcome to our rolling coverage of the eurozone debt crisis.
Later today, EU leaders will convene in Brussels to discuss the European economy. The summit is being billed as a chance to focus on growth and employment – two areas where the EU is struggling.
Before the meeting, the eurogroup (finance ministers from across the eurozone) will discuss Greece again – and consider whether it has met the conditions for its second rescue plan.
Another Greek development today: the International Swaps and Derivatives Association (ISDA) which oversees the credit default swap, will consider this morning whether a credit event has occured in Greece. This could finally decide whether Greek credit default swaps are triggered – although we may not get an answer until Monday.
There's also a backlash gathering pace following the €529bn of cheap loans made by the European Central Bank yesterday.