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Global markets slide as finance ministers hold talks
http://www.euronews.net/ Europe’s money men say they have reached a deal on two fronts to help fight the bloc’s chronic debt crisis.
The second day of talks in Luxembourg came as fears over Greece caused another rout on global markets.
Along with approving measures to control public deficits, ministers also announced an agreement aimed at making the more shady side of Europe’s financial markets more transparent.
Ministers hope the new rules, contained in the EU’s so called ‘Six Pack’, will make it much tougher for countries to rack up huge deficits.
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