The EU's troubled bail-out fund, the European Financial Stability Facility (EFSF), could have its lending capacity more than doubled to €940 billion to reassure markets that Italian and Spanish debt is safe.
EU countries' negotiators are looking at various models on how to increase the size of what is often refrred to as the EU's anti-crisis "bazooka" or "firewall" ahead of the summit on Thursday (8 December), financial newswires report.
One option is to let the existing €440 bi...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.