Geithner on eurozone crisis

The two most powerful countries in the eurozone France and Germany have reaffirmed their commitment to fiscal discipline in the region.

It follows a warning by the financial agency Standard and Poor's that the credit rating of almost every eurozone country was under review.

The German finance minister called it the best incentive to reach agreement at the critical EU summit in Brussels on Friday.

US Treasury Secretary Timothy Geithner has expressed encouragement at developments in Europe over the last few weeks.