Eurozone bailout fund 'to exceed €1 trillion'

The eurozone bailout fund will see its firepower increased to more than €1 trillion to enable it to contain the Eurozone debt turmoil, German government sources said today.

Mon, 24 Oct, 2011 - 17:58

The eurozone bailout fund will see its firepower increased to more than €1 trillion to enable it to contain the Eurozone debt turmoil, German government sources said today.

Eurozone governments hope the European Financial Stability Fund, or EFSF, will be able to protect countries like Italy and Spain from being engulfed in the debt crisis.