European officials are considering measures to overhaul the eurozone’s €440bn ($582bn) rescue fund, including using it to buy bonds of distressed governments, say people involved in the deliberations.
The measures would make it easier to aid debt-burdened economies without resorting to fully-fledged bail-outs.
Purchasing bonds of distressed countries to lower their borrowing costs is currently only being employed by the European Central Bank, where it has proved controversial.
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