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EU leaders are due to agree on the details of permanent bailout fund for after 2013 (Photo: Donald Townsend)

This WEEK in the European Union

EU leaders will gather in Brussels at end of the week to agree the final details of a permanent bailout fund. Known as the European Stability Mechanism, it is to the replace the current, and temporary, European Financial Stability Facility from 2013. A number of sticking points remain however, including how the fund should be financed. EU finance ministers meeting Monday will try and iron out the difficulties ahead of the summit.

At the beginning of the week, EU foreign ministers will m...

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EU leaders are due to agree on the details of permanent bailout fund for after 2013 (Photo: Donald Townsend)

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