European Bailout Fund Boosted

 

A row has erupted following today’s meeting of Eurozone Finance ministers after Austria’s Finance Minister leaked details of the outcome of the talks.

Jean-Claude Juncker is reported to be furious with Maria Fekter after she told reporters that the group had struck a deal to boost their firewall to 800 billion euro to deal with the crisis.

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EU sources say she later apologised to Mr Juncker.

ECB President Mario Draghi, the EU Economic and Monetary Affairs Commissioner had been scheduled to take the press conference alongside Mr Juncker.

Finance Minister Michael Noonan has said he expects the markets to react well to a firewall of this size.

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