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Italy’s Economic Contraction Accelerates, Led by Tightening Credit Market

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    Last Updated: March 30th, 2009

    … 24th consecutive month in February as the credit crunch tightened its grip on spending, and consumers … “strong interest” in taking up the government-backed bond offer (which only totals €12bn) at the … for 4 billion euros worth of the bonds after it posted a 1.23 billion-euro fourth-quarter …

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