EU finance ministers have reached a deal on a rescue package for Europe, RTÉ News understands. The plan will amount to up to half a trillion euro, a blend of low cost loans and credit lines, according to sources.
The breakthrough comes after finance ministers met a few hours ago, having failed to reach agreement in the early hours of yesterday morning.
The plan utilises the EU's main bailout fund, the European Stability Mechanism (ESM), the European Investment Bank (EIB), and loans from the European Commission.