Europe summit surprises with bold moves
BRUSSELS — After 18 disappointing summits, Europe's leaders appeared Friday to have finally come up with a set of short-term measures and long-term plans that show they are serious about solving their crippling debt crisis.
Meeting for the 19th time since the debt crisis exploded, leaders of the 17 countries that use the euro currency agreed they will let funds intended to bail out indebted governments funnel money directly to struggling banks as well. They said the move will "break the vicious circle" of bank bailouts piling debt onto already stressed governments.
European Council President Herman Van Rompuy called it a "breakthrough."
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