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Italy Will Overcome Economic Crisis Without Aid, Monti Says
Italy will overcome the economic crisis on its own without seeking outside aid, Prime Minister Mario Monti said. “We will make it on our own and we are making it, and not by ceding our sovereignty or under the heel of a troika,” he said, referring to the collective name given to the European Union, International Monetary Fund and European Central Bank. Those institutions are overseeing national bailout programs as the region struggles to emerge from a debt crisis that’s engulfed Spain and could force Greece out of the euro. In Italy, social tension is rising as austerity measures deepen its fourth recession ... (full story)
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