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US vice-president Joe Biden will be in the European capital this week (Photo: Stephen Bolen)

This WEEK in the European Union

The Greek debt crisis is likely to continue to dominate the headlines in the coming week even as the full scale of a bail-out for the troubled eurozone state begins to make itself known.

Markets appear to have calmed down now that reports are that a three-year package of joint EU-IMF funds could amount to as much as €120 billion, with the quid pro quo being a slew of austerity measures intending to slice a reported €24 billion from Greek public spending over the course of the three year...

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US vice-president Joe Biden will be in the European capital this week (Photo: Stephen Bolen)

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