EU leaders meet in Brussels to prevent financial crisis

All the 27 European Union leaders are meeting in Brussels today to decide measures to prevent Europe's financial crisis from spiraling out of control. British Prime Minister is set to join the EU leaders. Ahead of the meeting in Brussels, German Chancellor Angela Merkel said she believed the leaders will devise a plan by Wednesday to protect the Euro. British Chancellor George Osborne said his country would keep up the pressure to resolve the crisis. The provisional deal agreed by Finance Ministers will see banks raise more than 100 billion Euros in a new capital to shield them against possible losses to indebted countries. Later today, the countries that use EURO will hold a special summit of their own. This will then be followed by another meeting on Wednesday.