THE MEETING: Europe Union finance ministers sought consensus Thursday in Luxembourg regarding Greece’s austerity terms, a bank bailout for Spain and faltering confidence in the 17-country eurozone.
THE GOAL: The ministers are seeking solutions to the ongoing debt crisis. They’re hoping their suggested measures are adopted at a EU summit next week. German Chancellor Angela Merkel has been cool toward one idea, supporting member economies by using EU funds to buy government bonds.
THE STRAIN: Among the most pressing issues is determining how big a bailout Spain’s banks need. Irish Finance Minister Michael Noonan said the uncertainty is roiling markets.
