"Europese leiders nemen noodfonds flink onder handen", [kopt de Financial Times](http://"European leaders set back bail-out fund overhaul," headlines the FT. The euro’s €440bn mechanism would be given a much greater lending power to tackle the zone’s debt crisis, the paper says. While a draft proposal seen by the paper includes allowing the fund to buy bonds on the open market, concrete plans will be not be ready until next month.
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