On tonight's Newsnight Paul Mason will be asking whether Europe and the world banking system is on the edge of catastrophe. He'll look at fears that the so-called rescue plan for the eurozone is already in trouble and will consider what would happen if the euro ultimately broke up.

We'll be joined by the European Commission, Johanna Kyrklund from Shroders, economist and former DG of the CBI Sir Richard Lambert, and Peter Oborne from the Daily Telegraph to debate if the euro project is worth saving.

We have a film about social breakdown amid austerity in Greece, and we'll hear from our correspondent Peter Marshall in Berlin - where Chancellor Angela Merkel faces a vote tomorrow that threatens to weaken her politically and undermine her ability to manage the debt crisis.

Plus we'll have an interview with Labour leader Ed Miliband.