Eurozone banks to raise 100bn euros

EU finance ministers meeting in Brussels have agreed that eurozone banks should raise more than 100bn euros ($140bn; £87bn) in new capital to deal with the debt crisis.

The plan will be put forward to a summit of EU government heads for ratification.

Most of the capital - a protection against possible losses on loans to highly-indebted countries - is expected to be raised by banks from Greece, Portugal, Italy, Spain, Germany and France.

Gavin Hewitt reports.