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Van Rompuy Says Sound Finances Quest to Spare Education

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Nov. 6 (Bloomberg) -- European Union President Herman Van Rompuy said nations that are taking steps to return to sound finances should not target schooling in cost-cutting efforts.

“Those decisions should not come at the expense of education,” Van Rompuy said, speaking by video to a conference in Brussels.

Belgian Finance Minister Steven Vanackere said the EU needs to include financial literacy in its arsenal of crisis-fighting tools, which he said also includes the need to ensure there is “no effort spared to put in place banking union.”

To contact the reporter on this story: Rebecca Christie in Brussels at rchristie4@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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