Page last updated at 23:33 GMT, Monday, 8 March 2010

European Monetary Fund being considered by Brussels

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The European Commission says it's considering plans for an EU version of the International Monetary Fund to bolster the eurozone's financial stability.

Germany and France are leading the move, part of a series of initiatives aimed at avoiding a repeat of the sort of financial crisis engulfing Greece.

Nigel Cassidy reports.

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