Skip to main content
Advertising

Originally published Friday, March 30, 2012 at 11:09 AM

  • Share:
           
  • Comments (0)
  • Print

Summary Box: Eurozone boosts financial buffers

EMERGENCY FUND: The 17 countries that use the euro have boosted their emergency funding for debt-troubled countries to (EURO)800 billion ($1.1 trillion) - an amount that falls short of what the currency union's international partners had said is needed.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

EMERGENCY FUND: The 17 countries that use the euro have boosted their emergency funding for debt-troubled countries to (EURO)800 billion ($1.1 trillion) - an amount that falls short of what the currency union's international partners had said is needed.

PARTLY USED: Of the (EURO)800 billion, which finance ministers agreed Friday in Copenhagen, only some (EURO)500 billion is still available. About (EURO)300 billion in loans have already gone to bail out Greece, Ireland and Portugal.

IMF'S OPINION: The International Monetary Fund and others have called for a financial "firewall" of more than (EURO)1 trillion in case Spain and Italy needed assistance.

News where, when and how you want it

Email Icon

The Seattle Times Historical Archives

Browse our newspaper page archives from 1900-1984


Advertising