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Euro 'permanent bailout fund'

Eurozone members of the G20 may use a permanent bailout fund to buy the debt of member states in financial trouble to help bring down borrowing costs. France says it is currently "an idea, not a decision".

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Miliband: G20 summit made 'no progress'

Labour leader Ed Miliband will say today that the G20 summit in Mexico made "no progress" on Europe or global employment and growth, during a speech at the consumer group Which? awards.

This G20 summit should have marked a decisive shift towards jobs and growth, which is vital if we are to get deficits down.

Unfortunately this has not happened because too many governments, our own included, seem to think more of the same is the answer.

The result is a summit that appears to offer no progress for Europe and no global plan for jobs and growth. It is a summit of division when the world needs unity. And a summit of inaction when people, in Britain and across the world, are crying out for action.

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