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Europe – risk of a new recession
The European Commission economic forecast echoed the fears, with Economic and Monetary Affairs Commissioner Olli Rehn warning: “Growth has stalled in Europe (Chicago Options: ^REURUSD – news) , and there is a risk of a new recession.” Forex Strategies

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Wall Street sinks as European debt plight worsens
NEW YORK (Reuters) – Stocks tumbled 3 percent on Wednesday in the market’s worst day since mid-August as a spike in Italian bond yields signaled the European debt crisis had worsened.

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