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EU Council chamber: Fears over Spain could see the EU bail-out fund increased (Photo: Eurpoean Council)

Minimalist EU summit hopes to calm markets

European presidents and prime ministers descend upon Brussels on Thursday for their winter summit, where they hope to come up with a simple, elegant solution to tackle the eurozone crisis that rages around them.

The leaders will target in on what diplomats say is a very tight, clean, minimal change to the EU treaty to allow the creation of a permanent crisis mechanism to replace the current fund.

Diplomats have stripped down the agenda to this small treaty change and the bare outl...

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EU Council chamber: Fears over Spain could see the EU bail-out fund increased (Photo: Eurpoean Council)

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