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Prospect of Monti leading Italy calms jitters
Expectations that respected economist Mario Monti will lead a new interim Italian government helped calm market fears Thursday that the country was heading for a Greek-style crisis that would threaten the existence of the entire eurozone.With a groundswell of Italian politicians voicing support for a technocratic government led by the former European Union competition commissioner, confidence grew

Markets stabilize as Italian yields drop

Stock markets stabilized Thursday after Greece's political leaders finally agreed on a new prime minister and as Italy's borrowing rates eased on speculation the European Central Bank has been

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Mixed European cues to weigh on mkts
ECB’s announcement of buying Italian bonds to stop crisis from spreading could boost sentiments.

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Euro zone split fears as EU dithers on Italy

Political and economic crisis in Italy spurred fears of a split in the euro zone with borrowing costs for Europe's third biggest economy at unsustainable levels and the bloc unable to afford a

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Eurozone wants cross-party commitment in Greece

The chairman of the Eurogroup says eurozone finance ministers have asked the leaders of Greece's two main parties for a co-signed letter reaffirming their commitment to the country's bailouts and

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Eurozone wants cross-party commitment in Greece

The chairman of the Eurogroup says eurozone finance ministers have asked the leaders of Greece's two main parties for a co-signed letter reaffirming their commitment to the country's bailouts and

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