European leaders seek greater financial stability

UK Chancellor George Osborne urged countries in the euro zone to make financial stability a leading priority. "Solutions such as eurobonds or other forms of guarantees now require serious consideration, and they must be matched by much more effective economic governance in the euro zone to ensure fiscal responsibility is hardwired into the system," Osborne said. Meanwhile, German Chancellor Angela Merkel and French President Nicolas Sarkozy are poised to meet next week to discuss ways to improve the euro zone's financial position.

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