Sunday, December 26, 2010

ARTICLE: E.U. summit highlights rift over currency crisis


Against a backdrop of discord and hesitation among its most influential members, European Union leaders held a summit here Thursday and Friday to deal with the growing threat to their common currency, the euro, from debt-mired governments. Because of the differences over what to do, two days of discussions produced only a broad agreement to establish a permanent European rescue account when the current $975 billion emergency fund runs out - in 2013.

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