Europe has divided in a historic rift with a majority of countries led by Germany and France moving ahead with a treaty, leaving Britain isolated.

Eurozone finance ministers agreed on Tuesday to lay the groundwork for bailing out Ireland’s banking sector with the IMF.

The European Commission will not launch legal action against France on Wednesday over its expulsion of Roma migrants.

Policymakers unleashed a rescue package worth about $1-trillion to stabilise markets and prevent the Greek debt crisis from destroying the euro.