European leaders agree to long-term union

Maybe 19 is a lucky number as it was the 19th meeting between European leaders that they finally agreed to a bailout fund for indebted governments. Leaders also agreed to ease austerity requirements for countries receiving bailouts. Some of the bailout funds will be used to assist banks.

Details, however, remain sketchy at the moment, but the news was enough to provide a boost to the markets on Friday.

 

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