European Union leaders capped a third year of debt-crisismanagement with Greece obtaining fresh financial aid, a euro bankregulator taking shape and Germany and France sparring over what todo next.

German Chancellor Angela Merkel and French President FrancoisHollande, stewards of the euro area's top two economies, promotedconflicting visions of how to revamp the currency bloc once thefiscal crisis subsides.

“Are there countries in the euro zone that don't want moretransfers? Yes, there are some,” Hollande told reporters after aBrussels summit, the 22nd since Greece's debt burst onto the agendain early 2010. “We can't just be constrained by countries thatdon't want to go further.”

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