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.

BBC: Has the eurozone flunked the market's test again?

The first of two Indian-built carriers is now under construction, with a launch date of 2010.

ECONOMIST: Asia's navies

"TV Breizh will promote European culture by developing Celtic culture, that of the far western parts of Europe, " Mr Le Lay said in June, before the scheduled launch date of 4 August.

BBC: Brittany joins Celtic TV first