Updated: 19/12/11 : 05:10:56
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Crisis talks scheduled today for Eurozone

Eurozone finance ministers are to hold talks on the debt crisis later today, Mon 19 Dec, to flesh out plans made at the recent Brussels summit on saving the euro.

With several members under threat of credit rating downgrades, a key focus of the telephone conference will be boosting the coffers of the International Monetary Fund to enable it to come to the aid of struggling economies.

Member countries announced plans to pump 200 billion euros into the IMF at the recent summit and several EU nations have agreed to the move in principle - however, Britain has refused to take part.

The agreement by all EU states except Britain to draft a strict pact to ensure they cut budget deficits and reduce their debt will also be on the agenda today, as will Europe's future bailout fund, the European Stability Mechanism.

The Eurogroup ministers will be joined by European Union members who are not part of the monetary union.

RTE