EU leaders agree to more economic cooperation
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Led by Germany and France, EU leaders agreed Friday to work for closer economic cooperation amid market turmoil over towering debts in countries across the continent.
The leaders made progress at a summit in Brussels on a new rescue system for future debt crises but decided not to beef up the their existing bailout fund - further worrying ratings agencies and other market players who say the union needs to do more right now to keep the euro intact. (AP)
