EU finance ministers have met in Brussels to discuss establishing a new "stabilisation mechanism" to prevent the Greek debt crisis from spreading.
The BBC reports they discussed extending some emergency funding, currently only available to non-eurozone members, to the eurozone bloc.
They are also believed to have looked at a system of loan guarantees. The meeting has temporarily broken up for bilateral discussions. Exact details are not yet known.
While bail-outs are technically banned under EU rules, the European Commission reportedly plans to extend an existing clause in the Lisbon Treaty.
The commission is seeking approval for an ambitious mechanism that could be used to fund large loans to the 16 members of the eurozone.
The fund would reportedly have up to 70 billion euros at its disposal to guarantee loans.
Officials at the European Commission have been working all weekend on the details.
Under the proposals, the commission would borrow money for the stabilisation mechanism directly on the markets to guarantee troubled country's debts.
Officials hope the loan guarantees would prevent the crisis in Greece spreading to other eurozone countries with high deficits or debts as well as low economic growth, most notably Portugal, Spain and Ireland.
On Friday, the leaders of the 16 eurozone countries approved a deal to lend 110 billion euros ($US139 billion) to Greece over three years.
Members of the eurozone will lend 80 billion euros over three years - the International Monetary Fund will contribute 30 billion euros.
State of Greece
Greece has been living beyond its means for many years. The previous government borrowed heavily and spent heavily during the past decade.
Public spending soared and public sector wages practically doubled during that time.
At the same time, revenue was down because of widespread tax evasion.
Accordingly, Greece was ill-prepared to cope when the global financial downturn hit.
Eurozone members are supposed to keep their public sector deficits under 3% of their gross domestic product. Greece's deficit surpassed 13% of its GDP.
Contributions
Germany's share of the bailout is 22.4 billion euro. It was passed on Friday by the lower house by 390 votes to 72, with 139 abstentions and later confirmed by the upper house.
Also on Friday, the French Senate approved France's contribution of up to 16.8 billion euros.
Italy's government adopted a decree to supply 5.6 billion euros as part of its 14.8 billion contribution.
The IMF has approved its share of 30 billion euro ($US43 billion).
The combined package is the biggest in history.
