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EU urges direct bank aid in boost for Spain
Reuters In a major economic policy document, the Commission said the vicious circle of weak banks and heavily indebted states lending to each other must be broken. While the Commission is responsible for proposing laws, it is the member states, most notably … Eurozone economic confidence slides by more than anticipated in May Euro-Area Economic Confidence Falls to 2 1/2 Year Low: Economy Euro and Markets Trend Lower as Spanish Economy Weakens |