EU endorses financial rescue package

EU endorses financial rescue package Brussels - European Union leaders gave their broad backing to a European financial rescue package but were still busy ironing out its details, diplomats in Brussels said Wednesday.

Approved on Sunday by eurozone leaders at a meeting in Paris, the 2-trillion-euro (2.7-trillion- dollars) plan includes measures to guarantee interbank lending and to partly nationalize shaky financial insitutions by providing them with liquidity in exchange for shares.

The financial crisis dominated discussions at an EU summit in Brussels. (dpa)