European Union officials and finance ministers from the 17 countries that share the euro met on Monday to discuss details of an agreement among leaders at the weekend aimed at strengthening the euro zone bailout fund and resolving a year-long debt crisis.
The deal involves increasing the effective capacity of the bailout fund to 440 billion euros, allowing it to buy bonds in the primary market, and softening the terms of a bailout already made to Greece by lowering the interest rate and lengthening the maturity of the loans.
The deal involves increasing the effective capacity of the bailout fund to 440 billion euros, allowing it to buy bonds in the primary market, and softening the terms of a bailout already made to Greece by lowering the interest rate and lengthening the maturity of the loans.
