Eurozone debt crisis deepens

Tue, 11/30/2010 - 22:26 EDT - France24.com - Business

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The financial cloud hanging over Europe darkened as the single currency slumped, and borrowing costs rose in tandem with investors' anxiety about eurozone debt.In the wake of bailouts for Greece and Ireland, political leaders scrambled to end damaging speculation that larger European countries could default and plunge the eurozone into a potentially fatal crisis.As Spain and Italy -- two of Europe's biggest hitters -- saw their borrowing costs rise, European Central Bank President Jean-Claude Trichet tried to face down the speculation.

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Eurozone debt crisis deepens

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