Europe summit surprises with bold moves

Europe summit surprises with bold moves

BRUSSELS (AP) - After 18 disappointing summits since the start of the debt crisis, Europe’s leaders appeared today to have finally come up with a set of short-term measures and long-term plans that show they are serious about restoring confidence in their currency union. Leaders of the 17 countries that use the euro agreed they will let funds intended to bail out indebted governments funnel money directly to struggling banks as well. They said the move will “break the vicious circle” of bank bailouts piling debt onto already stressed governments.