Eurozone bailout fund under discussion

Euro zone finance ministers are to agree on Tuesday the details of bolstering their bailout fund to help prevent contagion in bond markets.Leaders are hoping to expand the European Financial Stability Facility to about 1trillion euro. The EU is under pressure from the United States and ratings agencies to stem a two-year-old debt crisis.

Finance ministers from 17 eurozone members are also likely to approve the next tranche of emergency loans for Greece and Ireland.

Lydia O’Kane spoke to Economic Advisor to think tank Oxford Analytica, Vanessa Rossi.

“It’s quite important to make clear to financial markets that that money (bailout fund) will be available if needed”, she says.

Ms Rossi also adds that it is going to be a poor start to 2012. Listen