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EU agrees Euro support

May 10, 2010 11:12 AM

The European Union will set up around half a trillion euros to protect weaker eurozone nations from market speculation. Finance Ministers agreed on the 'European Financial Stabilisation Mechanism' over the weekend. The European Central Bank has also said it will buy government bonds. Markets shot up on Monday in response to the news.

See - http://euobserver.com/9/30040/?rk=1

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