EUR 1 trillion is the rumoured EFSF's firepower.

1.   European leaders have agreed a plan that would boost the firepower of the euro-zone's bailout fund to more than EUR1 trillion.
2.  Merkel was asked by Frank Walter Steinmeier, chairman of the opposition Social Democrats, whether it was accurate that a haircut of 50% to 60% was being sought (for greek debt ), according to a person who attended the meeting. That person added that Merkel did not deny those figures. Oezdemir, leader of the Green Party, said he also understood that Merkel was pursuing a haircut of 50%-60%.
3. Merkel also told lawmakers that European banks needed to raise about EUR100 billion as part of a European-wide recapitalization of banks considered systemically relevant. The plan involves about 90 banks that participated in European stress tests earlier this year. German banks would require about EUR5.5 billion, she said.
4. Oezdemir also raised concerns about the potential for corruption in Greece's planned privatizations. He said it became clear during the meeting with Merkel and her aides that to prevent fraud and ensure that the highest possible proceeds are achieved, EU leaders are considering creating an international oversight body that would supervise Greece's privatizations.