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PM welcomes 'bazooka' aid deal

David Cameron has described an EU deal to provide direct aid to Spanish banks as a "big bazooka" that could help solve the Eurozone crisis.

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White House welcomes eurozone 'progress'

The White House has welcomed the indications that the eurozone leaders 'made progress' in talks on the debt crisis, saying it is encouraged by the progress made but that Europe's challenges will not be solved overnight.

The White House said that the eurozone debt crisis is a process of steps, and that 'a lot of details' still need to be worked out.

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