Angela Merkel looks set to bow to intense international pressure and allow the eurozone's...

|By:, SA News Editor

Angela Merkel looks set to bow to intense international pressure and allow the eurozone's "firewall" to temporarily increase to €940B ($1.25T) in order to calm markets. The firewall would combine the €440B in the EFSF rescue fund with the €500B in the permanent ESM, and would fall back to €500B once the EFSF expires in 2013.