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Fri 10 Oct 2010Chancellor gains some support for permanent rescue fund

GERMAN CHANCELLOR Angela Merkel gained support in her drive for the creation of a permanent rescue fund for euro countries but she faces mounting opposition to her push to strip voting rights from countries that breach EU budget limits.

As EU leaders gathered last evening for their autumn summit in Brussels, they were poised to give European Council president Herman Van Rompuy a clear mandate to examine changes to the EU treaties to fortify Europe’s economic system.

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