A day before their weekend summit in Brussels, members of the 17-member euro zone have declared their intentions to hold another round of talks next week to achieve a unified position on the financial disaster threatening the continent.

While the two major powers in the zone, France and Germany, were reported to have reconciled their differences on how to fight the debt crisis, there are doubts as to whether a breakthrough will finally be reached during the three-day conference.

Fox News reported that French President Nicolas Sarkozy and German Chancellor Angela Merkel have agreed on a common stance.

The two nations have been at odds over the manner of disbursing rescue funds and the amount that would be infused to boost the fund's capacity which is estimated at almost 2 trillion euro.

Earlier, proposals on contributions from private creditors have focused on three possible alternatives:

o The bailout fund would support a trade-in of Greek government bonds at current prices along with guarantees that the leftover debt securities are to be reimbursed. It gives Greece the "biggest short-term relief" but could prove costly for the euro zone.

o Commercial banks would reinvest a portion of the money collected from maturing Greek bonds into new ones with longer time for settlement. It would also provide temporary relief with minimal interest rates.

o Imposition of a tax on the financial sector to recover a fraction of the cost in helping Greece that would lead to a brief respite and avert a default rating. However, this would possibly be opposed by banking institutions which do not maintain Greek bonds.

The Business Spectator mentioned that hopes remained high that the three-day that will be attended by finance and foreign ministers as well as heads of state and government, would accede "to beef up Europe's financial rescue facility and recapitalise banks under threat from the burgeoning two-year euro-crisis."

EU nations will have to decide whether to approve a new eight-billion-euro ($A10.8 billion) loan to Athens, which has been hit by massive, violent protests.

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