Draghi urges EU move swiftly on crisis measures

European Central Bank chief Mario Draghi warned Thursday the European Union needs to implement measures to tighten budget discipline quickly to resolve the debt crisis, as a successful Spanish bond sale sent shares and the euro higher.

Russia meanwhile signalled it was ready to contribute up to $20 billion to an EU-led effort to boost the funds available to the International Monetary Fund for rescue programmes which would benefit weaker eurozone states.

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AFP