Eurozone crisis live: Mervyn King faces MPs on Libor and financial stability Good morning, and welcome to our rolling coverage of the eurozone financial crisis, and other important events in the world economy. The main action will be in parliament this morning when Sir Mervyn King, governor of the Bank of England, is quizzed by the Treasury select committee. King, and four other Bank bigwigs, have been called to answer questions about the latest Financial Stability Report - we expect plenty of questions on the eurocrisis. The session starts at 10am BST. Governor King will also be questioned about the latest scandal to grip the City - the fixing of the Libor rate by traders at many of the world's biggest banks. Yesterday's testimony from ex-Barclays man Jerry Del Messier sets the scene nicely. King's fellow central banker, Ben Bernanke, is also facing politicians today - he will deliver the latest Monetary Policy Report to the Senate from 3pm BST (10am EST). Expect plenty of questions about the Fiscal Cliff, which is looming over the world's biggest economy. On the economic front.... we get the latest UK inflation data at 9.30am BST. We'll also get an update on the German economy, with the monthly ZEW economic sentiment data published at 10am BST (11am CEST). And a few bond sales might catch the eye - with Belgium, Spain and Greece all holding debt auctions this morning. So I'll be quite UK-focused this morning, while still watching out for breaking news across the eurozone. As ever, please flag up interesting stories you see yourselves.... (and you can get me on @graemewearden on Twitter, and by email at graeme.wearden@guardian.co.uk).