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Europe's debt fix falters, rattling markets
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Apr 23, 2012
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<p><a href="http://news.yahoo.com/europes-debt-fix-falters-rattling-markets-220613345--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/hxsdfDmeBoC8FJmmie.qIQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/0eef92f179c0a20b0d0f6a7067007a5e.jpg" width="130" height="86" alt="A broker walks in front of the main screen at the stock exchange in Madrid, Monday April 23, 2012. Spain is back in recession as the economy contracted 0.4 percent in the first quarter of the year, the central bank said Monday. The figure published in a Bank of Spain monthly report followed a 0.3 percent decline in the fourth quarter. Spain is struggling with the ruinous aftermath of an exploded real estate bubble that had fueled nearly a decade of solid and sometimes robust growth. It was only in 2010 that it emerged from nearly two years of recession, and now it is back in another one. (AP Photo/Paul White)" align="left" title="A broker walks in front of the main screen at the stock exchange in Madrid, Monday April 23, 2012. Spain is back in recession as the economy contracted 0.4 percent in the first quarter of the year, the central bank said Monday. The figure published in a Bank of Spain monthly report followed a 0.3 percent decline in the fourth quarter. Spain is struggling with the ruinous aftermath of an exploded real estate bubble that had fueled nearly a decade of solid and sometimes robust growth. It was only in 2010 that it emerged from nearly two years of recession, and now it is back in another one. (AP Photo/Paul White)" border="0" /></a>Europe's plan to fix its debt crisis by imposing budget cuts frayed Monday. Heavy selling rocked financial markets, uncertainty gripped two governments, and the economic outlook darkened across the continent.</p><br clear="all"/>
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