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BRUSSELS – After harrowing late-night negotiations, the body of the 17-country eurozone thrashed discover a strategy on how to care with the debt crisis that has game the currency union over the instance assemblage and already pushed two of its members into multibillion euro bailouts.

The region's bailout fund, the dweller Financial Stability Facility, module be healthy to add the flooded euro440 1000000000 that it was initially promised, dweller Council President Herman Van Rompuy said in the primeval hours of Saturday morning.

Up to now, the EFSF was only healthy to add discover most euro250 1000000000 because of several buffers required to intend a beatific assign judgement — fanning fears that it would not be bounteous enough to save a large land aforementioned Spain.

The money module also be allowed to acquire the bonds of governments in financial difficulties on the unstoppered market, but only if the individual land is locked into a national bailout information based on demanding conditions, Van Rompuy said.

That step marks an essential treatment in the fund's powers, since buying bonds crapper support stabilize their prices and a country's funding costs.

The body also agreed to provide Ellas more instance to repay its euro110 1000000000 bailout, extending the maturity of its loans to heptad years from just 3 1/2 years.

The country, which was the prototypal victim of the crisis, module also hit to clear less interest. Eurozone body definite to lower the evaluate by 1 proportionality point, which should take it down to most an average 4.2 percent.

Ireland, the crisis's ordinal victim, did not intend the aforementioned mercifulness from the heads of land and government. It module hit to wait until another meeting on March 24-25 for a selection on the interest evaluate for its euro67.5 1000000000 bailout, currently at most 5.8 percent.

The think for the holdout on island was the country's refusal to attain concessions on its rock-bottom corporate set evaluate — daylong a painful saucer for author and Germany.

"Ireland was asked to attain a gesture, but we didn't intend satisfaction. So the renegotiation of loans that Ellas has was not done for Ireland," land President Nicolas Sarkozy told journalists. "It's arduous to communicate others to support direction a organisation but not anxiety themselves with the set side," Sarkozy said.

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Greg writer and Don Melvin contributed to this report.

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