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Image header Agence Europe
Europe Daily Bulletin No. 10645
EUROPEAN COUNCIL / (ae) eurozone

Help for Spain and Italy

Brussels, 29/06/2012 (Agence Europe) - The efforts of the Italian and Spanish prime ministers, Mario Monti and Mariano Rajoy, who hijacked the growth pact (see separate article) paid off. The eurozone, which held an emergency meeting on Thursday night rather than Friday 29 June, took the decisions demanded by Italy and Spain, countries facing spiralling interest rates on their sovereign debt. The EFSF and ESM bailout funds will buy up on the secondary markets bonds of eurozone nations that...

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