in brussels, where eurozone leaders have after a long night of had galene agreed to a plan designed to take the sting out of the eurozone debt crisis. eu bailout funds will be made available direct to struggling banks. the eurozone will work on plans for a banking and fiscal union. the president of the european council, herman van rompuy, claims the agreement was a breakthrough. the latest from brussels -- >> after 13 hours of talks, they got what they wanted. italy's prime minister is happy. spain's leader is all smiles. europe has agreed to a direct bailout for troubled banks in those two countries. it gives them and the euro breathing space. some see it as europe's richest nation caving in. angela merkel said there were conditions. >> [speaking foreign language] >> i think we've done something important. we still maintain there is nothing without getting something in return. >> in the early hours, talks have stalled over europe's 120 billion euro plan for growth. that is for the long term. europe's leaders are positive about the deal. >> the decision shows once again the commitment

. >> galen has been a friend and competitor of both drivers for years.ainst them several times he has great respect for their skills. >> tommy haas been racing since '69. he was a true racer. if the tracks were open and there was something going on, he was there. david hugo was a smooth driver. they had a team that would do anything for you. as far as i know, tommy adams nor david hugo has ever, ever had an accident up until that day. >> both drivers' flawless track records are about to take a major hit with a heart-stopping collision all caught on camera. >> david hugo on the right lane looked like his car moved out of the groove towards the right guard rail and tommy looked like he was going right down his lane and david's car actually darted across the track and kind of hit tommy adams' car in the corner panel which sent tommy's car right. we knew that was bad. >> in the business of drag racing, everything could change in a fraction of a second. when david's car steers into tommy's, traveling at 150 miles per hour, that's all it takes for things to go

enormous bailed out the spanish banks initial market optimism quickly evaporated spanish journalists me galen chamorro says that on top of all that broken jobless spaniards are being left to fend for themselves. spanish government has been pushing a very very strict agenda austerity cuts for months already we've seen that before in all their bailout countries when you know one hundred billion euro seem to any economy there is sense to see as much for a few days and then investors realize that we're still in an economic crisis in an economic downturn in the case of a spain even in a recession certainly the banks have to be bailed out we need our banking system intact of course but people the sangria because the banks are actually at the root cause of this crisis in the case of especially because of the property bubble the cheap loans and all that so people would be saying why bailout the banks bailout us we also need to be citing why they are angry. now later this hour an r.t. american economist nouriel roubini tells us why europe's debt ridden states can't all be tarred with the same brush. s

republican separatist rich galen and cnn political contributor maria cordone na.e out of four of the contested provisions get tossed so the white house claims victory, the one and most controversial provision stays in, the governor of arizona, you heard her tonight on the program, she claims victory. when you talk to your friends in the latino community, what's their take? >> they're really happy this administration took on this law. they're very upset that this fourth provision stays in place. the one from the very beginning they were most concerned about it for the same reasons that president obama is concerned about it. i think politically, it really puts romney in a continued uncomfortable immigration box that he put himself in during the primaries when he said he would veto the d.r.e.a.m. act and called sb 1070 a model for the nation and has yet said whether he would take away the policy president obama put in place. for president obama, it's the best of both worlds politically because can claim victory but yet that one provision also mobilize the latino vote