Brussels - The European Union stands ready to bail out eurozone members in the "unlikely" event that they experience severe financial problems, officials in Brussels said Tuesday.
"In the unlikely event - and I stress in the unlikely event - that a euro area country were to experience financing difficulties, a solution would be found," said Amelia Torres, spokeswoman for EU Economic and Monetary Affairs Commissioner Joaquin Almunia.
Torres was reacting to media reports quoting Almunia as saying the EU had drawn up confidential plans to help euro members at risk of defaulting on their public debt.