• Lagarde: Good progress made in EZ talks, more still to do.
  • Van Rompuy: EZ leaders will do whatever is necessary; choices for EFSF leveraging now beteen 2 models.
  • Barroso: Leaders discussed increasing firepower of EFSF; made good progress to ensure that banks have significantly higher levels of capital

(All over Reuters newswires)

EUR/USD is a few spreads higher at 1.3850.