The European Union has formally stated what has been discussed in private for weeks: a bailout for Greece will be available if needed.
The announcement is designed to calm market jitters that have recently wreaked havoc on stocks and bonds in a number of weaker peripheral eurozone members.
The EU's new permanent president Herman Van Rompuy made the statement on the steps of the Bibliotheque Solvay, and old library in a central Brussels park where EU leaders are meeting for an in...
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