Eurozone bailout fund 'needs boost'

The eurozone needs to make further changes to its bailout fund – including boosting its size – to ensure it can stop the debt crisis from drawing in big economies like Italy and Spain, a top European Union official said.

The appeal from European Commission President Jose Manuel Barroso comes just two weeks after eurozone leaders reached what they called a “historic” deal on the currency union’s crisis strategy, including a second massive bailout for Greece and far-reaching new powers for their bailout fund.