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Published on Jul 14, 2011
On May 10, at the World Economic Forum on Europe 2010, European Commission President José Manuel Barroso underlined that in the space of 48 hours the European Union had concluded an agreement that enables the EU to respond in a coordinated, fast, effective manner to difficulties in any Euro Area Member State. "But this deal is not only about assistance, it is also about further efforts of consolidation," Mr. Barroso said.