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The horror, the horror:

  • EU-27 RELEASES STATEMENT AFTER BRUSSELS SUMMIT
  • EU-27 SAYS COMMISSION MUST URGENTLY EXPLORE BANK GUARANTEES
  • EU SAYS BANKS SHOULD FIRST FIND PRIVATE SOURCES TO RAISE FUNDS
  • EU SAYS STATE AID RULES ON BANKS SHOULD BE PROPORTIONAL
  • EU SAYS MID-TERM BANK FUNDING MUST HEAD OFF CREDIT CRUNCH RISK

Source: Bloomberg

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