Europe to consider creating 2 bailout funds

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

European leaders are considering creating and operating 2 bailout funds to boost region's capability to tackle debt turmoil. Discussions are concentrating on the possibility permitting Euro regions' 440 bn euro worth fund to stay in operation until a new €500 bn facility is implemented in 2012. The idea of double firepower will be introduced during Friday's EU summit. 

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