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Van Rompuy (l) looked cold as he read out the short statement in several languages (Photo: consilium.europa.eu)

Van Rompuy: Eurozone will bail out Greece if needed

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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Van Rompuy (l) looked cold as he read out the short statement in several languages (Photo: consilium.europa.eu)

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