Eurozone discusses bailout fund

Note: This section contains information in English only.
Source: BBC
© Scanpix/AFP

Finance Ministers of the euro-zone are meeting today to discuss the options for expanding the bailout fund. They also are going to focus on providing more bailout funds for Greece. The ministers want to increase EFSF to 1tn euros. One option proposed is to provide insurance to about 30% of the bond value to increase demand for sovereign bonds. Investors consider rising power of EFSF is of critical importance to solve the crisis.

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Tue, 29 Nov 2011 10:33:02 GMT

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