Northwest MEP says bailout fund must be increased further

The Taoiseach has welcomed a deal hammered out in Brussels overnight, which - its hoped - will calm the eurozone debt crisis.

After a marathon session of talks, eurozone leaders agreed to boost the bailout fund to around a trillion euro, as well as a 106-billion euro fund to re-capitalise banks.

Banks have also agreed to write off 50 per cent of Greek debt.

At the end of the summit in Brussels this morning, Taoiseach Enda Kenny said it's a positive breakthrough for Ireland too:

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Meanwhile, Northwest Independent MEP Marian Harkin says it's essential the fund is increased in case other countries such as Italy and Spain need to access it.

She says without that fund we would be in serious trouble:

[podcast]http://www.highlandradio.com/wp-content/uploads/2011/10/mar830.mp3[/podcast]