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Euro zone bailouts getting harder to agree: policymakers

From reuters.com

Euro zone bailouts are getting tougher to agree as opposition within creditor nations grows and indebted states struggle to persuade citizens to back austerity, policymakers said on Sunday. At a meeting in Finnish Lapland this weekend, attendees including Ireland's Europe Minister Lucinda Creighton and host Prime Minister Jyrki Katainen sounded confident that Cyprus would secure a bailout deal to avoid financial collapse. But they added the crisis was a reminder of the work needed to make sure EU member states stand by shared fiscal targets. Toomas Hendrik Ilves, president of Estonia which joined the euro in 2011, ... (full story)

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