French president Nicolas Sarkozy has called for an EU crisis fund for member states to be extended from €12 billion currently to "at least" €20 billion.
Mr Sarkozy - whose country currently holds the rotating EU presidency - will make the proposal to his EU counterparts when they meet in Brussels next Friday (7 November).
Currently, an EU "community mechanism" allows member states to receive medium-term loans from a common pot of €12 billion.
"I will propose on 7 November …t...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login