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EU agrees on permanent eurozone rescue fund

EU leaders agree to set up a permanent mechanism to bail out any member state whose debt problems threaten the 16-nation eurozone.

The eurozone stability mechanism will require a change to the EU's Lisbon Treaty - and that has now been agreed.

The European Council President, Herman Van Rompuy, said EU leaders were ready to do whatever was required to protect the currency.

Andrew Walker reports.

  • 17 Dec 2010
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