Europe to reach consensus on EFSF

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AP
European leaders are said to have reached an agreement how to finance rescue EFSF fund. Euro area finance ministers are going to meet on Tuesday and discuss rules for EFSF funding as well as strategies for interfering in euro area bond markets. Agreement should create a basis for EFSF firepower worth $586 bn. German and French officials are also discussing deepening fiscal union in longer term perspective.

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