Euro Finance Chiefs Focus on ‘Bazooka’ Fund as Political Turmoil Deepens
European finance ministers are meeting in Brussels on ways to increase the size of the EFSF, the eurozone bailout fund. World leaders were not warm to the idea of loaning money to the fund as they would like to see a fully realized agreement on what the powers and abilities of the new fund would be. The EFSF would probably be funded through the IMF, as many countries would be unwilling to invest directly into it.