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The markets were quietly trading back and forth looking for something to turn the tide.
The report from the Financial Times said European officials may allow the 440 billion euro rescue fund to remain intact when a larger half-a-trillion euro facility comes online in the middle of next year. This would effectively double the the bloc's firepower in fighting the crisis, the report said. Officials are also looking to garner more support from the International Monetary Fund, according to the paper.