BRUSSELS ? Eurozone nations are calling for more IMF resources to help out their embattled currency.
The 17 eurozone finance ministers on Tuesday agreed to seek new ways to increase the resources of the International Monetary Fund through bilateral loans that could be used to protect EU nations facing financial trouble.
The ministers meeting in Brussels also agreed on options to give the rescue fund more leverage power and build up its resources so it can help bigger troubled EU members such as Italy and Spain.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
BRUSSELS (AP) ? Eurozone ministers have agreed on measures to give their rescue fund more firepower on global markets in an attempt to ease the pressure on their embattled euro currency.
The 17 ministers meeting in Brussels agreed on options to give the rescue fund more leverage power and build up resources to help bigger troubled EU members such as Italy and Spain.
Earlier Tuesday, the ministers threw a lifeline to Greece, approving an euro8 billion ($10.7 billion) rescue loan so it would not run out of money in the next few weeks.
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