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'We created a solid firewall,' said Van Rompuy (Photo: Council of European Union)

Euro leaders agree second Greece bailout and overhaul of rescue fund

by Honor Mahony, Brussels,

Following weeks of political and market turbulence, eurozone leaders on Thursday undertook radical steps to safeguard the single currency agreeing the beginnings of a European Monetary Fund and a fresh bailout for Greece.

With the one-day emergency summit representing something of a make-or-brake gathering for the 17-nation eurozone, leaders were quick to underline the far-reaching and "credible" nature of the agreement.

"For the first time, the politics and the markets are coming...

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'We created a solid firewall,' said Van Rompuy (Photo: Council of European Union)

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