They will bring forward a new support mechanism - a Contract for Difference - to provide long-term price certainty for low carbon electricity generation.

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What has been clarified is bringing the new permanent crisis resolution mechanism (ESM) forward to July 2012, one year earlier than initially planned.

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An international conference on the Middle East "is still on the table, " the official said, but noted that the focus now is on Powell working with Mideast and other international leaders to find the "precise mechanism" to move forward.

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Larsen called on both parties to agree to a "third-party mechanism" for moving the process forward.

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Optimists will point out that 500bn euros of bailout money should be available for use reasonably quickly to prop up the likes of Italy and Spain, as a result of the leaders' decisions to expedite expansion of the European Financial Stability Facility and bring forward the launch date of the European Stability Mechanism.

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They also brought forward the date when the permanent rescue mission, the European Stability Mechanism (ESM), will be up and running.

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The European Stability Mechanism (ESM), the permanent fund, will be rushed forward to begin by 2012, with an effective lending capacity of 500bn euros.

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Prosecutor Simon Parrington said as she lent forward to rectify a blockage on the line, her scarf became entangled in an inadequately guarded cog mechanism.

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