EU 'Agrees' to Safeguard Banks

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    European leaders say they have mostly agreed to a general plan to save the euro zone from economic collapse by safeguarding banks. The officials are set to put together a last-ditch effort in Brussels to end the two-year debt crisis. Greece's default still threatens to push the world into a recession, and the leaders aim to have a plan by the self-imposed deadline of Wednesday.

    Read it at Bloomberg News