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EU leaders move to calm nerves on the financial markets

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Karlotta BahnsenJune 17, 2010

Unaccustomed unity in Brussels today as EU leaders agreed on a series of measures aimed at restoring confidence in Europe's economic stability. Foremost among them: publication of the results of stress tests on banks, in hopes of calming market jitters. The leaders also agreed on tougher budget rules and closer policy coordination - and said they want to push for a global tax on financial transactions and a levy on banks at next week's G20 summit.

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