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EU Outlines Bank Plan as Summit Reaches Halfway

  • 24.10.2011
  • By James G. Neuger and Tony Czuczka, Bloomberg
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European leaders have made some agreements today on a possible solution to the debt crisis that is plaguing the eurozone. They have agreed to a plan to possibly bailout banks in the event of Greek default while avoiding the possibility of using the European Central Bank to bolster the enhanced rescue fund, The European Financial Stability Facility.

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