Eurozone finance ministers will press Ireland and Portugal to spell out their detailed plans to handle their debt loads amid signs that the two countries are edging towards an international bail-out.
The meeting of eurozone finance ministers in Brussels on Tuesday comes amid signs of increasing fractures within the monetary union over the European Central Bank’s efforts to pressure Ireland into taking aid.
Portugal’s finance minister said that investors believed Lisbon was increasingly likely to be forced to turn to emergency help because of contagion in the financial markets.
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