Europe’s decision on a financial rescue fund will “strengthen confidence,” the U.S. Treasury said today in a statement.

“Today’s announcement by the Eurogroup reinforces a trajectory of positive efforts to strengthen confidence in the euro area,” the Treasury said in Washington.

European governments capped fresh rescue lending at 500 billion euros ($666 billion), after a Germany-led coalition opposed a further expansion of the region’s anti-crisis firewall.

To contact the reporter on this story: Cheyenne Hopkins in Washington at chopkins19@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net