Danger' to Region's Economic Stability

Summary


FEAR of a new recession has deepened Europe's economic gloom with pressure mounting for firm decisions to restore the credibility of the single currency.

The announcement of a new - interim - leader to bring stability in Greece was matched by rising hopes of clarity in Italy, where Prime Minister Silvio Berlusconi, refusing to stand aside as promised until economic reforms are in place, may be gone this weekend.

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Extract


Danger' to Region's Economic Stability

In London yesterday, Prime Minister David Cameron said Italy now posed a "clear and present danger" to the eurozone's future.

But claims that France and Germany were plotting a new "inner- core" of secure eurozone states were denied in Paris and Berlin.

Meanwhile, yesterday's coincidental Commission econom...

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