【摘 要】
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The possibility of a major default continues to hover over the EU.Greece,Portugal and Ireland have al ready been bailed out.Due to sustained uncertainty in the
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The possibility of a major default continues to hover over the EU.Greece,Portugal and Ireland have al ready been bailed out.Due to sustained uncertainty in the markets,the borrowing costs of Italy,which has the largest sovereign debt of all the European countries,and Spain have increased considerably.This has led to fears that without sufficient cash to meet their debt obliga tions,the two countries might be trapped in a downward economic spiral.
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