News Summary: A fix for EU crisis proves elusive

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THE MEETING: Europe Union finance ministers sought consensus Thursday in Luxembourg regarding Greece’s austerity terms, a bank bailout for Spain and faltering confidence in the 17-country eurozone.

THE GOAL: The ministers are seeking solutions to the ongoing debt crisis. They’re hoping their suggested measures are adopted at a EU summit next week. German Chancellor Angela Merkel has been cool toward one idea, supporting member economies by using EU funds to buy government bonds.

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