Geert Vanden Wijngaert, Associated Press
BRUSSELS — European Union leaders have given their final approval on a raft of new measures they hope will contain the debt crisis that has rocked the continent for more than a year.
European Commission President Jose Manuel Barroso said just after midnight Friday: "I think today we reached a real breakthrough."
Leaders signed off the size and powers of its current and future bailout funds and closer economic coordination.
They had already nailed down the cornerstones of their "comprehensive solution" to the crisis over the last weeks.
But they left some details, including how to ensure their exiting bailout fund can actually lend out the promised €440 billion, for later meetings.
- 'The Voice' returns Monday with Pharrell,...
- Student debt pushing some retirees toward...
- Security breached: Intruder gets into White...
- Tense hunt in trooper ambush case hits 8 days
- Second man arrested trying to enter White...
- 11 best—and worst—state tax systems
- Secret Service boosts security outside White...
- How much America wants to be taxed
- Striking or spanking a child is not a... 19
- School police stock up on free military... 11
- Yellen says US families need to boost... 10
- Security breached: Intruder gets into... 9
- How much America wants to be taxed 8
- New Jersey loses 4th casino as Trump... 5
- Vikings place Adrian Peterson on exempt... 5
- Dempsey: Half of Iraqi army not OK as... 4