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Tue 03 Mar 2010EU seeking power to set guidelines for public sector pay
EUROPEAN MONETARY FUND:THE EU authorities are seeking power to set detailed guidelines for public sector pay in member states as they advance plans to create a European Monetary Fund (EMF) to prop up governments at risk of sovereign default.
The development follows months of pressure on the euro amid anxiety about the Greek budget deficit and the potential for contagion in the single currency zone.
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