Barroso's blunt warning to EU leaders

Adrian Holliday
Jose Manuel Barroso
Jose Manuel Barroso

Accept the latest aid package or see the eurozone debt crisis worsen. That's the warning Jose Manuel Barroso has fired at Europe's leaders. Though Barroso's latest salvo was short on detail - how much more money should banks have to raise? - it has reassured markets. For the moment. But the move means that some eurozone banks could now be 30% state held.