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The euro Second aid programme for Greece finalised

The overall package for a new aid programme for Greece has been finalised. The ceiling remains unchanged at 130 billion euros. Creditors will be expected to shoulder somewhat mroe than originally expected, and accept losses of 53.5 percent on the value of their bonds. more

Chancellor Angela Merkel in front of the press in Brussels

Brussels EU agrees on a fiscal compact

Chancellor Angela Merkel declared that the informal meeting of the European Council had produced results and was successful. Agreement on a fiscal compact is an important step towards a stability union, she said. more

Photo - Angela Merkel's government statement on the European Council summit meeting

Policy statement on the European Council Europe will emerge stronger from the crisis

The vision of a political union is taking shape. In a government statement on the euro summit, Chancellor Angela Merkel declared herself convinced that Germany and Europe will emerge stronger and more sustainable from the worst crisis of its history. more