The source said the euro zone finance ministers next week to the elements of the scheme discussed, but the German side of the argument too sensitive reasons, the final decision on the plan may be held to the February 4 euro District leaders summit to be taken.
EU Economic Affairs Commissioner Olli - Rehn (Olli Rehn) held today in Brussels at a conference, said: "We need the financial support measures on the scale and scope of the review of various options." He pointed out that if you can not remove the financial confusion, the eurozone will be "subject to market forces."
For the protection of the euro area sovereign bonds from default credit default swap prices have risen to record levels because of the sovereign debt crisis erupted last year, has led the European Union and International Monetary Fund (IMF), Greece and Ireland to provide 178 billion euros (230.8 billion U.S. dollars) in aid, and Portugal are likely to be the next request for international assistance.
Credit default swaps are derived from the credit card loans are a financial derivative products, can be seen as a financial asset default insurance, creditor debt risk by selling this contract, the contract price is premium. Purchase of credit default insurance, the buyer is known as a party, a party is called the risk-seller. If the financial assets of the two sides agreed there is no event of default, the buyer to the seller pays a regular "insurance", and in the event of breach of contract, the seller takes the buyer's loss of assets.