Eurozone Deal

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Is the eurozone deal a milestone? BBC economics correspondent Andrew Walker gives the details of the summit agreement. Will the losses agreed on Greek bonds be seen as a default? Lesley Curwen talks to David Geen of the International Swaps and Derivatives Association about whether the losses will be seen as a 'credit event' which would trigger payouts on products which protect investors from defaults. James Watson, director of economic affairs at Business Europe discusses the eurozone deal with Veronica Nilsson, from the European Trade Union Confederation. (Image: Euro coins and notes. Credit: PA)