The European Commission is set to float proposals to create a 'European IMF' tomorrow. An official said the body could rescue debt-hit countries such as Greece. Economic and Monetary Affairs Commissioner Olli Rehn will 'inform' the full commission tomorrow of continuing talks on the issue, his spokesman said. Plans to 'reinforce economic co-ordination across Europe will be centred on the 16 euro zone members, as the euro area has come under pressure as a result of the Greek budget crisis. Spokesman Amadeu Altafaj Tardio said the commission was 'ready to propose such a European instrument', and gave a tentative deadline of the end of June for full details on how and by whom it would be funded. Rehn earlier told the Financial Times Deutschland newspaper that the monetary fund 'would have the support of euro zone members' and that such financial aid would be linked to 'strict conditions'. Leading central bankers believe economic growth is advancing on a 'very positive' path, allowing them to unwind stimulus measures. This is according to European Central Bank chief Jean-Claude Trichet, who was speaking after they met this morning.