Osborne: Euro crisis 'killing UK recovery'

The UK's hopes of economic recovery are being "killed off" by the eurozone crisis, the chancellor has warned.

Writing in the Sunday Telegraph, George Osborne said European leaders faced a "moment of truth" which could determine the economic future for over a decade.

Meanwhile Spain's Prime Minister Mariano Rajoy has described the decision by eurozone finance ministers to agree a 100bn euro bailout as a "victory for the euro".

The loan, to help Spain shore up its struggling banks, has been welcomed around the world.

James Landale reports.