Miliband: PM needs to meet with eurozone leaders

Chancellor George Osborne has said the financial crisis gripping the eurozone is hitting British jobs and growth.

As Italy agreed austerity measures demanded by the EU and Greece's new prime minister took office, Mr Osborne said the situation remained "very difficult and dangerous".

Despite Friday's events, David Cameron said there was still a "big question mark" over the eurozone's future.

Labour's Ed Miliband said the PM should demand an urgent meeting of EU leaders.