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New-model EFSF: The options on the table keep multiplying (Photo: Images_of_Money)

EU bail-out deal proving hard to implement

Eurozone finance ministers are to hold consultations with creditors throughout November because the "extremely complicated" legal details of last month's euro rescue plan are proving hard to implement.

Ministers on Monday night issued a technical note aimed to alleviate market concerns of the lack of details on how the eurozone plans to boost the firepower of its bail-out fund, the European Financial Stability Facility (EFSF) from €440 billion to €1 trillion by means of credit guarantee...

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New-model EFSF: The options on the table keep multiplying (Photo: Images_of_Money)

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