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EU leaders agree to set up European “economic government”

EU president Herman Van Rompuy will perform speaker functions of this institute till the election of its chairman in May 2012

BRUSSELS, October 23 (Itar-Tass) — The EU leaders formed a European “economic government” whose role will be fulfilled by regular summits of the euro zone, says the draft of a final statement by the summit, received by Itar-Tass.

EU president Herman Van Rompuy will perform speaker functions of this institute till the election of its chairman in May 2012.