EU leaders reach surprise deal at debt crisis summit

Jun 29, 2012

By Bob Komsic

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Europe’s leaders have appeared to have finally come up with measures that show they’re serious about doing something concerning their debt crisis.

Meeting for the 19th time since the problem arose back in late 2009, leaders of the 17 Euro countries have agreed to let funds intended to bail out indebted governments funnel money straight to struggling banks.

They’ve also agreed to ease austerity requirements for countries that take bailouts.

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