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Sunday 13 November 2011

New Italian, Greek governments race to limit damage


(Reuters) - Technocrat leaders in Italy and Greece rushing to form governments will face a critical test of their ability to limit the damage from the euro zone debt crisis when financial markets open in Europe on Monday.

Italy's president asked former European Commissioner Mario Monti on Sunday to form a government to restore market confidence in an economy whose debt burden is too big for the euro bloc to bail out.   More Read

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