Brussels:  Eurozone Finance Ministers will hold talks on the debt crisis on Monday to flesh out plans made at a Brussels summit this month to save the European currency.
With several eurozone nations under threat of credit rating downgrades, a key focus of the telephone conference will be boosting International Monetary Fund (IMF) coffers to enable it to come to the aid of floundering members.
A government source said on condition of anonymity that the eurozone finance ministers, known as the Eurogroup, will from around 2030 IST "discuss what happens after the European summit of December 8 and 9" on saving the eurozone.
European Union members who are not part of the monetary union will also take part.
At the summit, which saw Britain bloc plans for European Union treaty change to save the currency, member countries announced plans to pump 200 billion euros (USD 260 billion) into an IMF warchest. Eurozone members were to provide about three quarters, and other EU countries the rest.
The aim was to allow the Washington-based institution to come to the aid of eurozone countries in trouble, and the summit gave leaders 10 days to work out the details.
Several countries have agreed to the move in principle, without saying how much they would be willing to contribute. Belgium has promised 9.5 billion euros, Denmark 5.4 billion euros and Sweden 11 billion euros.
But non-euro country Britain has refused to take part.
"We did not agree any increase in bilateral resources last week. We made very clear in that meeting that we were not contributing to that 200 billion euros," a spokesman for Prime
Minister David Cameron said on Friday.
On December 7, ratings agency Standard and Poor's placed the EU on watch for a downgrade of its AAA credit rating.
Fitch Ratings expressed doubt on Friday that an envisaged European budget discipline pact would solve the debt crisis and warned it may soon downgrade six countries, including Spain and Italy.
All EU states except Britain agreed last week to draft a strict pact with penalties to ensure they cut budget deficits and reduce their debt, aiming to get it drafted and signed by March.
The pact will also be on the agenda on Monday, as will Europe's future bailout fund, the European Stability Mechanism (ESM).
British Deputy Prime Minister Nick Clegg sought on Sunday to draw a line under a row with France that erupted after the Brussels summit when the French central bank Governor and senior ministers suggested rating agencies should be mulling a debt downgrade of Britain rather than France.