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Eurozone ministers have been discussing whether to increase the size of the European rescue fund, amid growing concerns that Portugal and Spain may also need financial aid. Discussions between countries which are part of the EU were held at the two day Ecofin Council meeting.

Results of the 91 European banks stress tests will be published after the markets close this Friday, assessing how they would cope with another economic downturn and losses on Greek and some other government bonds.

European Union finance ministers will attempt to agree the fine points of bank stress tests when they meet next week and break a deadlock in talks on new financial supervisors, EU diplomats and officials said.