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Wed 10 Oct 2008EU urges reform as Asia joins bailout
European leaders today pressed for an overhaul of global financial structures after Asia joined a number of western countries in bailing out banks to avert financial meltdown and tackle looming recession.
EU leaders arrived in Brussels after committing €2.2 trillion to rescue European banks and break a logjam in money markets that has choked off lending in the worst financial crisis since the Great Depression.
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