EU finance minister discuss about EU emergency loan fund to help members struggling with liquidity problems

Euro zone finance ministers are meeting in Brussels today to discuss ways out of the current economic slowdown, triggered by the banking crisis. The European economy is forecast to contract by 4 percent this year and probably will not stabilize until 2010. The ministers called for a return to fiscal discipline once growth returns. Until then, however, they will double the EU emergency loan fund to help those members struggling with liquidity problems.