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EU leaders agree on austerity measures

China Daily | Updated: 2011-03-26 07:32

EU leaders agree on austerity measures

Euro countries move toward more economic coordination

BRUSSELS - European Union leaders have endorsed a long-prepared package of austerity measures to shore up the euro and sustain economic growth after an intensive discussion at the two-day spring summit.

The measures have been decided amid avid demonstrations and the resignation of Portugal's prime minister on Wednesday night after the parliament in Lisbon rejected a fourth austerity plan.

EU leaders agree on austerity measures

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