Burton Mills: France and Germany hope to reach consensus on Eurozone overhaul between March and June this year.

Leaders of the EU's 27 member countries will meet this week to discuss broader integration of the eurozone.

European Markets Positive as Greek Call for Emergency Meeting is Denied.

Following the market opening Friday, the Dow traded down 1.65 percent to 16,105.18 while the NASDAQ slipped 1.16 percent to 4,678.75. The S&P also fell, dropping 1.50 percent to 1,921.80.

The euro was steady at $1.3758 at 5:30 GMT on Tuesday morning as investors looked to the European Central Bank for more clarity about the region's future monetary policy.

ChanPark International global market synopsis - Shanghai equities make up ground on evidence of further recovery in the Chinese manufacturing sector, and US index futures are flat.

Corolla Financial analyst says that European economy is rebounding and will likely outpace emerging markets.

Global Strategic Management reported that a meeting was scheduled for Monday between the Eurozone finance ministers in Brussels to conclude a second Greek rescue which it was hoped would put a stop to any concerns that Greece be ousted from the Euroz

Zinnia Financial analysts warn that the EU debt crisis may be spreading and that eurozone investment may be high risk.