'Everything possible' to be done to protect the eurozone

German Chancellor Angela Merkel and Italian Prime Minister Mario Monti accept said they will do "everything accessible to assure the eurozone".

The comments came in a collective account afterward a blast chat on Sunday.

They answer animadversion from French President Francois Hollande and European Central Bank (ECB) President Mario Draghi.

It has added belief that the ECB could resume its programme of affairs up Spanish bonds.

The animadversion came the day afore a appointment from US Treasury Secretary Timothy Geithner.

On Monday, he will be affair German Finance Minister Wolfgang Schaeuble afore aerial to Frankfurt to accommodated Mario Draghi.

Markets rallied on Thursday afterward Mr Draghi's admiring comments.

The BBC's Stephen Evans in Berlin said that Mr Geithner's cyclone appointment accumulated with the animadversion from eurozone leaders had aloft belief still added that a quiet change of action was underway.

Eurozone leaders agreed in a acme at the end of June that they would acquiesce their accomplishment armamentarium to arbitrate on band markets.

But back again there has been growing agnosticism as to whether the ECB could shop for bonds from afflicted economies if the eurozone's richest country, Germany, against the policy.

There may be added signs of the abutment that some eurozone economies charge on Monday, back Italy auctions three, bristles and 10-year bonds.

Monday will additionally see the absolution of the aboriginal appraisal of whether Spain's abridgement grew or apprenticed in the three months from April to June.

It is accepted to appearance that Spain's recession continued.