European leaders meet Thursday to set up a permanent financial rescue fund to calm markets for good and turn the page on a roller-coaster year marked by Greek and Irish bailouts and fears for Spain.
European Union heads of state and government hold a two-day summit -- their seventh and last of the year -- amid persistent concerns that Portugal and even wealthier Spain could tumble into the debt crisis that has rocked the euro.
German Chancellor Angela Merkel sought to silence fears of a eurozone break-up, telling lawmakers on Wednesday: "No one in Europe will be left alone, no one in Europe will be abandoned."
For more: AFP: Europe aims to shield the euro for good
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