Friday 11 July 2014
 
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rescue fund

EU ministers eye $924bn rescue fund

Euro zone finance ministers are moving closer to agreeing a combined rescue fund of around 700 billion euros ($924 billion) in Copenhagen next week and anything higher would probably be too ambitious, euro zone diplomats said yesterday. Th

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Europe ramps up rescue fund, may turn to IMF

Euro zone ministers agreed to ramp up the firepower of their rescue fund, but couldn't say by how much, and may turn to the IMF for more help as a stunning leap in Italy's borrowing costs pushed the region closer to financial disaster.

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