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Investors Rejoice as Europe Strikes Bank Deal

At summit, leaders agree to single supervisor, direct recapitalization

By Kevin Spak,  Newser Staff

Posted Jun 29, 2012 7:21 AM CDT

(Newser) – Credit markets breathed a sigh of relief today, after European Union leaders agreed to a plan allowing its bailout funds to directly recapitalize troubled banks. After a 14-hour debate at a summit in Brussels, leaders emerged with the outline of a plan to more swiftly...   Read full story »

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