An orderly sale of Italy's state-owned industries and Greece's land holdings would take time, which is no longer available, so the immediate solution to the crisis is to place such hard assets in a euro-zone trust that would then issue euro-zone bonds backed by those assets.

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Italians voted for change, an alternative to the budget austerity and "structural reforms" backed by the euro-zone authorities.

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Next year a Brazilian-built deepwater port, backed by a free-trade zone, is due to open.

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He got three called strikeouts from plate umpire Lance Barksdale, who appeared to have a generous strike zone, and was backed by two double plays.

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The MEPs backed Mr Coelho's call for the zone to be extended to Bulgaria and Romania.

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The scheme is backed by the government, which has earmarked it as an enterprise zone with special tax breaks.

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Second, the euro zone countries have committed to tough new rules designed to ensure future fiscal discipline backed up by near-automatic sanctions for transgressors.

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Some in the EU capital argue that other European governments, Germany in particular, should have done more to help the cash-strapped governments of the euro zone, through pro-growth programs that would have sweetened the bitter medicine of EU-backed reforms.

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