Merkel and Sarkozy in eleventh-hour Greece pact - papers

German Chancellor Angela Merkel and French President Nicolas Sarkozy have hammered out a common position on the euro debt crisis.

A statement by the French president's office said agreement had been reached after seven hours of talks in Berlin. It comes ahead of a crunch meeting on Thursday of eurozone leaders to resolve the Greek debt crisis and prevent further contagion to other eurozone economies. Details of the deal have not yet been released. MORE... Meanwhile, financial companies, including banks, hedge funds and insurers, should be forced to provide a detailed breakdown of their exposure to European sovereign debt in their financial reports, the ICAEW has said. MORE...