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The ECB denied the existence of a rescue fund (Photo: EUobserver)

Confusion reigns over possible eurozone bailout plan

A summit of EU leaders in Brussels on Friday (20 March) was the scene of some confusion as to whether member states have agreed the bones of a eurozone bailout plan.

A senior German politician, Otto Bernhardt, member of the German chancellor's CDU party, told Reuters early on Friday that eurozone finance ministers agreed at a recent meeting the main components of a eurozone bailout plan that would see richer countries contribute to a special reserve fund to which struggling eurozone mem...

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The ECB denied the existence of a rescue fund (Photo: EUobserver)

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