The two options could be twinned and would not require a change to the current framework of the European Financial Stability Facility (EFSF), the paper said.
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The euro zone wants to boost the EFSF's firepower without putting more money into it, while France had dropped its idea of turning the fund into a bank to tap European Central Bank funds. European leaders will decide on which approach to take at the second leg of a EU summit on Wednesday.
(Reporting by Matthias Sobolewski, writing by Annika Breidthardt)