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PM seeks £25bn EU trade fund roll-out

Updated on 04 October 2008

By John Sparks

Gordon Brown urges European leaders at an economic crisis summit in Paris to introduce a £25bn fund to help small businesses in the EU.

That's more than double what Gordon Brown originally asked for.

The money has already been pledged by the European Investment Bank.

Europe's most powerful leaders emerged from their summit in Paris, promising co-ordinated action, and tougher regulation.

The French president Nicolas Sarkozy, also called for bank executives responsible for the economic crisis to be punished.

But unlike the United States, there will be no massive European bailout plan.

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