BRUSSELS: Negotiators reached an outline deal on Thursday on a European pact to restore balanced budgets and Greece voiced hope it would secure a private debt write-down, as Italy and Spain sailed through their first bond auctions of the year.
Signs of mini-breakthroughs on big issues exercising European Union (EU) leaders in the run-up to their latest crisis summit set for Jan 29 should help alleviate some of the concern swirling around debt and currency markets.
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