The German Stock Exchange in Frankfurt
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Jose Manuel Barroso: Europe 'closer to resolving crisis'

European Commission President Jose Manuel Barroso has said the eurozone is closer to solving its debt crisis with the latest deal reached.

Addressing the European Parliament in Strasbourg, Mr Barroso said it showed the EU could unite in the most difficult of times. He also announced the appointment of a commissioner dedicated to the euro.

Shares on European markets rose sharply as a result.

Gavin Hewitt reports from Brussels.

  • 27 Oct 2011
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