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    EU ministers talk Eurozone fund, EU armed forces


    by PressTV

    EU leaders meeting in Brussels discussed the two main issues: creation of a single fund for failed eurozone banks as well as expansion of the European Union’s armed forced. The E-U leaders have now agreed on a new fund worth 55 billion euros to cope with the eurozone’s failed banks. The money will be raised by the banking sector itself and the fund is designed to minimize the risk of taxpayers having to bail out failing banks---a common phenomenon in some EU countries.