According to the FT, European politicians have made progress on long-stalled rules that would allow Brussels to fine member states that run excessive debts and deficits.
The paper says that the breakthrough came after France backed down over its attempts to secure national politicians' rights to have the final say over any fines handed down.
EU economic and monetary affairs commissioner Olli Rehn has been pleading with MEPs and member states to settle their differences, saying that these negotiations are "fundamental" to the EU's debt crisis response.
Meanwhile, Deutsche Welle reports that the eurozone crisis could severely damage the European project, prompting EU lawmakers to call for more solidarity.
According to the paper, Greece may not be able to fulfil the criteria necessary for it to qualify for its next tranche of financial aid, causing frustration within the German government.
German chancellor Angela Merkel has highlighted the severity of the situation, saying that her government cannot "simply offer help", but must instead impose conditions that ensure that countries "do their homework".