March 27, 2012 / 9:26 AM / 8 years ago

EU's Rehn sees compromise on strong euro zone firewall

BRUSSELS, March 27 (Reuters) - Euro zone finance ministers will find a compromise on the size of the bloc’s bailout fund for indebted countries at a meeting later this week, the EU’s top economic official said on Tuesday, although he declined to be drawn on details.

“We have already taken significant decisive steps towards a stronger and permanent firewall to contain contagion and calm down market instability if it arises,” EU Economic and Monetary Affairs Commissioner Olli Rehn told a news conference.

“Further reinforcement will be decided on Friday, which will help us remove any remaining doubts. I am confident we can reach a confidence-building compromise,” Rehn said.

Finance ministers meet on Friday in Copenhagen where they are expected to agree on the design and the combined size of the bloc’s rescue funds.

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