US President Barack Obama welcomed the 'important' decisions taken by the European Union to resolve the debt crisis and evade massive financial defaults.
"We look forward to the full development and rapid implementation of their plan," Obama said in a statement.
After a marathon meeting, European Union leaders reached a deal to contain the euro-zone debt crisis by agreeing on a comprehensive package of measures, including a 50 per cent write down of Greece's debts and a plan to shore up the group's bailout fund.
Obama said the US will continue to support the EU and its European allies in their efforts to address this crisis as they work together
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