Euro leaders to set up urgent crisis fund

BRUSSELS, May 8, (AFP) - European leaders launched plans Saturday to create a new crisis fund aimed at all troubled euro countries, as the Greek debt chaos put the eurozone into a “state of emergency.” The 16 heads of the countries that share the euro currency said they want to build an emergency fund for countries targeted by powerful bond markets, after the region's debt mountain sent global bourses tumbling and triggered an alarm from the US to Asia.“Between now and Sunday night we will have a watertight line of defence in the eurozone,” declared euro finance chief Jean-Claude Juncker.