Global: Europe’s leaders at loggerheads at EU summit as markets tumble

European leaders in Brussels failed to agree on any concrete measures to deal with the continent’s rapidly worsening economic crisis, reports 'Following last night’s six-hour summit, leaders of the major economies were unable to paper over sharpening disagreements on economic policy, particularly the proposal backed by France’s new Socialist Party President Francois Hollande and reportedly the majority of those present for the issuance of euro bonds, pooling state-backed European debt, and the closely related question of propping up the continent’s crisis ridden banks.'