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EU Leaders Begin Summit After Banking Deal

As they hold their last summit of the year in Brussels, European Union leaders will be signing off on a key deal aimed to avert future banking crises. But the deal has also sparked disappointment for not being stronger and more far-reaching. Reached by European Union finance ministers late Wednesday, the agreement will create a single body to police and bailout ailing banks in the 17-nation euro zone. The deal also foresees a $75 billion fund to cover these costs, with...

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