Eurozone in flurry of talks to bolster financial firewall

Intense talks are underway between eurozone nations as the debt crisis worsens to find ways of bolstering their financial firewall ahead of a crunch European Union summit 48 hours away, diplomatic sources said Tuesday.

One option under consideration is to temporarily maintain two rescue funds to shield vulnerable nations instead of the single bailout fund currently in existence, the European Financial Stability Fund (EFSF), the sources added.

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AFP