Euro zone to leverage bailout fund 'several fold'
The euro zone aims to leverage its bailout fund ``several fold,'' but finance ministers will only agree to the details of how that will be done in November, according to a draft statement to be issued after a summit on Wednesday.
Open Europe, the independent think-tank, is reporting that the Spanish banks may be forced to seek eurozone bailout, on the back of ``increasing exposure of its banks to potentially toxic loans,'' says the article but the think-thanks remarks that ``Spain is not the 'next Greece,' it remains a serious and diverse economy.''