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Wed 03 Mar 2010Barroso says aid for Greece within rules
EU COMMISSION chief José Manuel Barroso has said the union’s executive would be able to give special fiscal support to Greece without breaching the “no bailout” rule that prohibits overdraft facilities for distressed governments.
Mr Barroso also said the commission would examine closely the relevance of banning “purely speculative naked sales” of insurance against the risk of sovereign default, a market widely held to have intensified pressure on Greece amid anxiety about its budget deficit.
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