The EU summit agreed on a three-fold plan to contain the debt crisis by calling for a Greek debt haircut, the recapitalization of euro zone banks and boosting the region's rescue fund by leveraging it up to as much as 1 trillion euros.

A German government spokesman said on Tuesday French President Nicolas Sarkozy and German Chancellor Angela Merkel in a phone conversation agreed they were committed to last week's EU decisions. That slightly eased concerns about a referendum that Greece has called for on the EU rescue package.

The euro edged up to $1.36920 after the news and was last at $1.36740, still down 1.3 percent on the day.

Copyright Reuters, 2011