Eurozone tries to look beyond Greece in crisis

March 12, 2012 - 10:35 AM
Belgium Europe Financial Crisis

A woman walks in front of a delivery truck with the euro symbol which reads 'Prices in free fall' in Brussels on Monday, March 12, 2012. Finance ministers from the 17 eurozone nations are to meet in Brussels later Monday, where they will discuss releasing funds from a euro130 billion ($172 billion) second bailout. (AP Photo/Virginia Mayo)

BRUSSELS (AP) — The 17 euro countries are trying to focus on issues beyond the Greek crisis and deal with longer-term issues in their currency union.

Finance ministers, meeting in Brussels on Monday, will discuss Spain's high deficits and potentially dangerous imbalances in other countries.

They will also wrangle over whether to increase the firepower of their bailout fund — a move that is still vehemently resisted by Germany.

No final decisions are expected on these issues Monday, but the talks will set the tone for how the eurozone plans to deal with an economic crisis that continues despite recent market calm.

Ministers will also examine the next steps for Greece's euro130 billion ($171 billion) rescue, including the first aid installment and shoring up the banks.