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Finance meeting on hold

TODAY'S planned meeting of EU finance ministers has been postponed until after the summit meeting in Brussels tonight.

Finance ministers and officials needed more time to work out the details of what will be agreed by eurozone heads of government at their summit meeting in Brussels, it is believed.

Eurozone leaders are expected to announce plans to boost the firepower of the EU's bail-out mechanism -- the EFSF -- through the combined use of two schemes.