27 Oct '11, 12am

Euro zone to boost bailout fund to 1 trillion euros: Diplomat

Euro zone to boost bailout fund to 1 trillion euros: Diplomat

Euro zone leaders plan to leverage the firepower of their bailout fund to one trillion euros ($1.76 trillion) said a diplomat familiar with a draft deal to be adopted at a summit on Wednesday. -- PHOTO: REUTERS BRUSSELS (AFP) - Euro zone leaders have agreed to leverage the firepower of their bailout fund to one trillion euros (S$1.76 trillion), French President Nicolas Sarkozy said on Thursday. He announced the agreement at the close of almost 10 hours of summit talks aimed at hammering out a package of measures to contain Europe's two-year debt crisis.

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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