The bright eclipsing and bursting low-mass X-ray binary EXO 0748-676 has been
observed at several occasions by XMM-Newton during the initial calibration and
performance verification (CAL/PV) phase. We present here the results obtained
from observations with the EPIC cameras. Apart from several type-I X-ray
bursts, the source shows a high degree of variability with the presence of soft
flares. The wide energy coverage and high sensitivity of XMM-Newton allows for
the first time a detailed description of the spectral variability.
The source is found to be the superposition of a central (~2 10^8 cm)
Comptonized emission, most probably a corona surrounding the inner edge of an
accretion disk, associated with a more extended (~3 10^10 cm) thermal halo at a
typical temperature of ~0.6 keV with an indication of non-solar abundances.
Most of the variations of the source can be accounted for by a variable
absorption affecting only the central comptonized component and reaching up to
NH ~1.3 10^23 cm^{-2}. The characteristics of the surrounding halo are found
compatible with an irradiated atmosphere of an accretion disc which intercepts
the central emission due to the system high inclination.Comment: 6 pages, 4 figures, accepted for publication in A&A Letters, XMM
special issu