EU Seeks Time on Fund Boost, Demands Cuts in Greece, Italy
This article is for subscribers only.
European finance ministers pleaded for more time to work out how to boost the region’s rescue fund and counted on budget cuts in Greece and Italy to allay doubts about the response to the debt crisis.
Finance chiefs won’t decide tonight how to scale up the 440 billion-euro ($606 billion) bailout fund or approve the next 8 billion-euro installment of Greece’s aid package, Luxembourg Prime Minister Jean-Claude Juncker said.