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Debt Woes Mounting EU Holds Crisis Meeting as Concern Grows Over Italy

The euro zone is heading into what could be a turbulent summer recess. Finance ministers can't agree on a second aid package for Greece, and now markets are getting nervous about Italy. The EU's sluggish crisis management is partly to blame.
European Commission President Jose Manuel Barroso (L) and EU President Herman Van Rompuy: Fears are growing over Italy.

European Commission President Jose Manuel Barroso (L) and EU President Herman Van Rompuy: Fears are growing over Italy.

AFP