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Euro crisis hangs over latest EU summit

The eurozone crisis is set to dominate an EU summit today, with an emphasis on growth and "smart" budget discipline.

The EU has more than 23 million unemployed people and there are fears that wide-ranging budget cuts will harm enterprise and training.

Most member states - and not the UK - are expected to sign up to a new budget treaty, or "fiscal compact".

The goal is much closer co-ordination of budget policy in the 17-nation eurozone.

Chris Morris reports.

  • 30 Jan 2012
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