Events and observables in generally invariant spacetime theories

We address the problem of observables in generally invariant spacetime theories such as Einstein's general relativity. Using the refined notion of an event as a ``point-coincidence'' between scalar fields that completely characterise a spacetime model, we propose a generalisation of the relational local observables that does not require the existence of four everywhere invertible scalar fields. The collection of all point-coincidences forms in generic situations a four-dimensional manifold, that is naturally identified with the physical spacetime.