European leaders discuss bailout fund increase

Note: This section contains information in English only.
Source: Marketwatch

European officials are negotiating probable boost the euro-zone members' capability to combat with spreading debt crisis by running two bailout funds, reported Financial Times. The new measure stipulates the euro-zone countries being able to access 400 billion euros bailout fund currently available and adding new 500 billion euros facility in 2012. The policy may be adopted along with revision of the treaties to impose stricter budget requirements.

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